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15 Apr 2015 07:00
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Paris, April 14, 2015
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Saint-Gobain takes note of Sika's decisions and reiterates its determination
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Saint-Gobain takes note of the decisions taken today at Sika's Annual General Meeting following the restriction of the voting rights of Schenker-Winkler Holding (SWH), decided by Sika's Management Board in violation of SWH's rights.
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In anticipation of these decisions, the Group had extended the term of the contract signed with the Burkard family until June 2016.
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The resolution regarding the deletion of the opt-out clause, whose validity has been confirmed twice by the TOB (Swiss Takeover Board) in recent weeks, was not adopted.
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Saint-Gobain reiterates its determination to complete the transaction and has full confidence that the Swiss courts shall allow SWH to regain their rights according to the law
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ABOUT SAINT-GOBAIN
In 2015, Saint-Gobain is celebrating its 350th anniversary, 350 reasons to believe in the future. Backed by its experience and its capacity to continuously innovate, Saint-Gobain, the world leader in the habitat and construction market, designs, manufactures and distributes high-performance and building materials providing innovative solutions to the challenges of growth, energy efficiency and environmental protection. With 2014 sales of β¬41 billion, Saint-Gobain operates in 64 countries and has over 190,000 employees. For more information about Saint-Gobain, visit www.saint-gobain.comand the twitter account @saintgobain.
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