Following the Complaint Filed by the US Anti-Trust Authorities, Compagnie de Saint-Gobain is Working With Ardagh to Achieve the Closing of the Sale of Verallia North America

PARIS, July 2, 2013 /PRNewswire/ --

On January 17, 2013, Compagnie de Saint-Gobain has accepted the purchase offer of Ardagh on Verallia North America for an enterprise value of $1,694 million (around €1,275 million), representing 6.5 times 2012 EBITDA (around $261 million). The transaction is subject to authorization by the Federal Trade Commission (F.T.C).

Yesterday, the F.T.C. filed a complaint in Federal Court seeking to prevent the sale from being consummated. The parties - Ardagh and Saint-Gobain - are disappointed by the action taken by the Commission. Saint-Gobain and Ardagh intend to vigorously defend the transaction in litigation, whilst at the same time working with the FTC to seek to resolve its concerns.

Press relations
Sophie CHEVALLON              +33-1-47-62-30-48
Susanne TRABITZSCH            +33-1-47-62-43-25

Analyst/Investor relations
Florence TRIOU-TEIXEIRA       +33-1-47-62-45-19
Vivien DARDEL                 +33-1-47-62-44-29
Alexandra BAUBIGEAT           +33-1-47-62-30-93

SOURCE Saint-Gobain

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