Saint-Gobain Transfers its Shares in Flovetro SpA
PARIS, March 30, 2012 /PRNewswire/ --
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.
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
Press Contact
Sophie Chevallon, +33-1-47-62-30-48
Susanne Trabitzsch, +33-1-47-62-43-25
SOURCE Saint-Gobain
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