Saint-Gobain: agreement with Sika and the Burkard family
(CercleFinance.com) - Saint-Gobain and the Burkard family announce a global agreement to put a final end to the disputes between them, “to the benefit of both parties and that of their shareholders and stakeholders”.
As part of this agreement, the French group has acquired Schenker-Winkler Holding (SWH) from the Burkard family for 3.22 billion Swiss francs and Sika has bought 6.97% from Saint-Gobain of its own capital for 2.08 billion francs.
Saint-Gobain commits to keeping, through SWH, a 10.75% stake in Sika for a minimum of two years. The parties hereby put an end to all the legal disputes they were embroiled in. Sika and Saint-Gobain wish to strengthen their existing relations.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
As part of this agreement, the French group has acquired Schenker-Winkler Holding (SWH) from the Burkard family for 3.22 billion Swiss francs and Sika has bought 6.97% from Saint-Gobain of its own capital for 2.08 billion francs.
Saint-Gobain commits to keeping, through SWH, a 10.75% stake in Sika for a minimum of two years. The parties hereby put an end to all the legal disputes they were embroiled in. Sika and Saint-Gobain wish to strengthen their existing relations.
Copyright (c) 2018 CercleFinance.com. All rights reserved.