Compagnie de Saint-Gobain Acquisition

TIDMCOD

RNS Number : 4697B

Compagnie de Saint-Gobain

20 September 2018

PRESS RELEASE

September 20(th) , 2018

TENDER OFFER FOR MINORITIES IN HANKUK GLASS INDUSTRIES

Hankuk Glass Industries (HGI), a South Korean subsidiary of Saint-Gobain listed on the Seoul stock exchange, launched a tender offer to acquire the 23% of its shares owned by minority shareholders. As a result of this successful offer, Saint-Gobain together with HGI now holds 96.8% of the share capital of HGI, with a delisting planned.

HGI holds a leading position in South Korea and in Asia in glass products and insulation for the construction and automotive markets. It achieved consolidated sales of around 270 million euros in 2017.

ABOUT SAINT-GOBAIN

Saint-Gobain designs, manufactures and distributes materials and solutions which are key ingredients in the wellbeing of each of us and the future of all. They can be found everywhere in our living places and our daily life: in buildings, transportation, infrastructure and in many industrial applications. They provide comfort, performance and safety while addressing the challenges of sustainable construction, resource efficiency and climate change.

EUR40.8 billion in sales in 2017

Operates in 67 countries

More than 179,000 employees

www.saint-gobain.com

@saintgobain

 
 
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September 20, 2018 12:25 ET (16:25 GMT)

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