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Saint-Gobain transfers its shares in Flovetro SpA

Post Time:Mar 31,2012Classify:Industry NewsView:207

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.

Source: www.saint-gobain.comAuthor: shangyi

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