Compagnie de Saint-Gobain Acquisition (9654R)
March 14 2016 - 4:05AM
UK Regulatory
TIDMCOD
RNS Number : 9654R
Compagnie de Saint-Gobain
14 March 2016
March 12, 2016
Saint-Gobain and the Burkard family extend the validity of their
agreement relating to the sale of Schenker-Winkler Holding
shares
Saint-Gobain and the Burkard family have decided to amend their
agreement relating to the sale of shares of Schenker-Winkler
Holding (SWH) - which holds the majority of Sika voting rights -
and to extend the validity of the agreement until June 30, 2017.
Saint Gobain will then have an option to extend the agreement until
December 31, 2018.
Pierre-André de Chalendar, Chairman and CEO of Saint-Gobain
stated, "Together, we are fully committed to this transaction. It
makes sense from a strategic, industrial and financial standpoint
for Saint-Gobain and for Sika, for their employees, for their
customers and for all of their shareholders. The amendment to the
agreement covers the longest of timelines to resolve related
disputes, allowing SWH to regain its property rights. We are aware
of the uncertainty and strain felt by Sika employees during this
complex time and would like to reassert our commitment to safeguard
the culture and the personnel of this outstanding company."
Urs Burkard said, "The extension to the agreement to sell
reflects the family's alignment with Saint-Gobain, which it sees as
the best controlling shareholder to accelerate the development of
Sika and secure its future. No alternative to this transaction is
being or will be considered."
ABOUT SAINT-GOBAIN
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 2015 sales of EUR39.6 billion,
Saint-Gobain operates in 66 countries and has more than 170,000
employees. For more information about Saint-Gobain, visit
www.saint-gobain.com and the twitter account @saintgobain or
download the "Saint-Gobain Shareholder" application for tablet and
smartphone.
Analyst/Investor Relations Media Relations
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+33 1 47 62
32 52
+33 1 47 62 +33 1 47
Gaetano Terrasini 44 29 62 30 10
Vivien Dardel +33 1 47 62 Charles Hufnagel +33 1 47
Florent Nouveau 30 93 Susanne Trabitzsch 62 43 25
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This information is provided by RNS
The company news service from the London Stock Exchange
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