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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Cie de SaintGobain | EU:SGO | Euronext | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.08 | 0.10% | 80.82 | 80.60 | 81.00 | 81.36 | 80.56 | 80.82 | 763,936 | 16:40:00 |
From May 2019 to May 2024
By Inti Landauro
PARIS--Wendel SA (MF.FR) Tuesday said it will sell a 5.3% stake in French construction material maker Compagnie de Saint-Gobain SA (SGO.FR) as the investment firm decided to focus on non-listed assets instead.
Wendel will keep a 6.4% stake in Saint-Gobain after the transaction that will be carried out in a private placement, the firm said in a statement.
Saint-Gobain has said it will buy back a third of the 30 million shares put out for sale by Wendel.
Wendel didn't specify at which price it will sell the shares but it said it will take an accounting loss of EUR220 million on the transaction.
Write to Inti Landauro at inti.landauro@wsj.com
(END) Dow Jones Newswires
May 03, 2016 14:44 ET (18:44 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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