Last checked at 30 Mar 2012 09:16
RNS Number : 4388A
Compagnie de Saint-Gobain
30 March 2012
March 30, 2012
Saint-Gobain transfers its shares in Flovetro SpA
Saint-Gobain and the NSG Corporation signed an agreement on March 29 concerning the acquisition by NSG of Saint-Gobain's total stake in Flovetro SpA. This company, which operates one flat glass manufacturing float line in San Salvo (Italy), has been jointly held 50-50 by the two groups since 1976. The transfer of shares, which is subject to no suspensive conditions, will be made on April 2, 2012. Flovetro SpA will then become a wholly-owned business of NSG.
This transfer follows the upgrading by Saint-Gobain of its Pisa facility in 2011.
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