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4-Traders Homepage  >  Equities  >  Euronext Paris  >  Compagnie de Saint-Gobain    SGO   FR0000125007

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SAINT GOBAIN : Saint-Gobain transfers its shares in Flovetro SpA (69 KB)

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03/30/2012 | 09:44am CET

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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This press release was issued by Compagnie de Saint Gobain SA and was initially posted at http://fr.sitestat.com/saint-gobain/saint-gobain/s?en.press.press-releases.CP_Flovetro_30032012_vA.p df&ns_type=pdf&ns_url=http://www.saint-gobain.com/files/CP_Flovetro_30032012_vA.pdf . It was distributed, unedited and unaltered, by noodls on 2012-03-30 09:29:21 AM. The issuer is solely responsible for the accuracy of the information contained therein.

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EV / Sales 2017 0,67x
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Number of Analysts 22
Average target price 43,3 €
Spread / Average Target 4,7%
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