Compagnie De Saint-gobain Share Discussion Threads

[waldron] 28/5/2020 20:33

Saint-Gobain to drop its shareholding in Swiss chemical maker Sika
This content was published on May 27, 2020 9:01 AM May 27, 2020 - 09:01
Sika

Sika has more than 300 plants worldwide
(Keystone)

The French building materials and distribution group Saint-Gobain has announced the sale of its 10.75% stake in the capital of the Swiss chemical manufacturer Sika.

Saint-Gobain said in a press releaseexternal link on Tuesday that it would dispose of “of its entire stake in Sikaexternal link of approximately 15.2 million shares, representing 10.75% of Sika’s share capital”, without mentioning any financial amount.

According to an AFP calculation, at the current Sika share price the transaction would be valued at some €2.5 billion (CHF2.65 billion). The result and the final terms of the private placement will be announced on Wednesday “at the latest”, according to Saint-Gobain’s press release.

Sika, a specialist in sealants and adhesives with origins dating back to 1910, employs some 25,000 people and has more than 300 plants worldwide. The group, headquartered in Baar, canton Zug, achieved record sales of CHF8.1 billion ($8.38 billion) in the financial year 2019.

Long conflict

In May 2018 Sika and Saint-Gobain reached an agreement to end an almost four-year legal disputeexternal link.

The complex deal saw Saint-Gobain acquiring all outstanding shares of Schenker-Winkler Holding (SWH) from the Burkard family, heirs to the founder of Sika, for a purchase price of CHF3.22 billion.

The dispute over Sika had been raging since 2014 when Saint-Gobain offered CHF2.75 billion to buy the Burkhard’s controlling stake – comprising just 16% of the share capital but 53% of voting rights. Sika’s board objected, and the warring sides were locked in a stalemate in what became an expensive battle in the courts and a rare example of Swiss corporate enmity spilling into the public eye.

[florenceorbis] 27/5/2020 08:01

RNS Number : 0501O

Compagnie de Saint-Gobain

27 May 2020

PRESS RELEASE

May 27, 2020, at 8:00 am

SAINT-GOBAIN GROUP COMPLETES SALE OF SIKA SHARES FOR CHF2.56 BILLION

-- Saint-Gobain today announces the successful completion of the sale by its subsidiary Schenker-Winkler Holding AG of approximately 15.2 million Sika shares, representing its full stake of 10.75% of Sika's share capital, for a total of CHF2.56 billion. The shares were placed via a private placement to qualified institutional investors by way of an accelerated book-building process.

-- As a result of this disposal, Saint-Gobain has generated gross gains of EUR1.54 billion since May 2018.

The disposal of the stake in Sika enables Saint-Gobain to strengthen its balance sheet. Saint-Gobain acquired its 10.75% stake in Sika as part of a global agreement with Sika and the Burkard family in May 2018. The Sika shares were held as an equity investment and Saint-Gobain has chosen to recognize any change in the fair value of the Sika shares directly in equity.

Pierre-André de Chalendar, Chairman and Chief Executive Officer of Saint-Gobain, commented:

"The Sika shareholding has been an outstanding investment for Saint-Gobain over the past two years. We have completed the sale at a price of CHF2.56 billion, equivalent to around EUR2.41 billion, compared to a purchase price of EUR933 million in May 2018. Realizing such an outstanding return on this investment is a very positive development for the Group. The proceeds from the disposal will strengthen Saint-Gobain's balance sheet, increase its financial flexibility and liquidity position in a market environment that remains uncertain. As mentioned at the end of April, depending on how the situation evolves Saint-Gobain will review the Group's shareholder return policy by the end of the year. "

Citigroup acted as Sole Global Coordinator on the Private Placement.

Citigroup and Lazard acted as financial advisers to Saint-Gobain .

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.

EUR42.6 billion in sales in 2019

Operates in 68 countries

More than 170,000 employees

For more information about Saint-Gobain

Visit www.saint-gobain.com

and follow us on Twitter @saintgobain

[waldron] 16/5/2020 09:27

4/27/2020 | 07:35am BST

Analyst Elodie Rall from JP Morgan research gives the stock a Neutral rating. The target price has been revised upwards and is now set at EUR 28, compared with EUR 27 previously.

[waldron] 16/5/2020 09:25

Jun 04 2020 3:00pm
Annual General Meeting (A.G.M.)

Jul 30 2020
Results for First-Half 2020, after market closing (quiet period starting on July 8, 2020)

Oct 29 2020
2020 Nine months sales, after market closing (quiet period starting on October 8, 2020)

[grupo] 08/2/2020 13:38

Saint-Gobain signs VPPA for Blooming Grove wind farm in US

PowerWindProject

By NS Energy Staff Writer 07 Feb 2020

Saint-Gobain will buy 120MW of energy from the wind farm that is scheduled to be operational in late this year
windrader-1048981_640

Saint-Gobain signs VPPA with Invenergy for Blooming Grove wind farm in US. (Credit: Pixabay/Oimheidi)

Saint-Gobain North America has signed a virtual power purchase agreement (VPPA) with Invenergy to purchase power from 250MW Blooming Grove wind farm in Illinois.

Under the 12-year agreement, which supports the construction of the project, Saint-Gobain North America will obtain renewable energy certificates (RECs) to offset approximately 40% of the CO2 emissions associated with powering its US operations.

It is expected to result in a 41% reduction in Saint-Gobain’s overall carbon footprint in the country by 21%.
Saint-Gobain will purchase 120MW of energy from the Blooming Grove wind farm

As part of the deal, the firm will secure 120MW of energy from the wind farm that will help green the electrical grid transmitted by PJM Interconnection.

Saint-Gobain North America energy and stewardship, sustainability Director Ryan Spies said: “Though the clean energy that’s developed at Blooming Grove Wind Farm won’t be powering our facilities directly, it was important for us to support the construction of renewable energy in a place where it’s needed.

“As a large consumer of energy across the U.S., including in PJM’s grid, we recognize the tremendous positive impact we can make on addressing the climate crisis.”

Scheduled to be operational in late this year, the wind project is being developed by Invenergy, a privately held global developer and operator of sustainable energy solutions.

In January, WEC Energy Group, a Milwaukee-based energy company, agreed to acquire a 80% stake in the 250MW Blooming Grove wind farm, for a total of $345m.

Infrastructure and Energy Alternatives (IEA), an infrastructure construction company, secured a contract to construct the Blooming Grove wind project.

The scope of IEA’s work on the wind project includes construction of project roads, turbine foundations, and erection of turbines.

When operational, the wind farm is expected to pay $119m to the local community in the form of property taxes and land payments and local wages and benefits.

[ariane] 07/12/2019 08:30

12/05/2019 | 12:01pm GMT

On November 18, Saint-Gobain celebrated laying the foundation stone of its new plaster plant in Yangzhou, Jiangsu province, China.

Construction of this new plant is scheduled for completion in early 2021. It will have an annual production capacity of 600,000 metric tons of plaster products. This production line will without a doubt be the most modern in Asia.

The plant's production processes will not create any wastewater and raw material waste will be reused as part of a circular economy approach. The Chinese market has high potential and vast capacity. With its transition to the green economy, the eco-innovative solutions can help meet the demand for green materials. Saint-Gobain will continue to invest in the Chinese market to provide efficient and environmentally friendly solutions.

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Compagnie de Saint Gobain SA published this content on 05 December 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 December 2019 12:00:08 UTC

[florenceorbis] 29/11/2019 08:17

Sika: Baader Helvea goes from buy to HOLD with a target price UP FROM 165 to 187 CHF.

[sarkasm] 12/11/2019 22:21

Continental Building Products Inc. (CBPX) has reached a deal to be acquired by France's Compagnie de Saint-Gobain SA (SGO.FR), the Virginia-based company said Tuesday.

Under the terms of the deal, Continental would be merged into a newly formed subsidiary of Saint-Gobain, and the French multinational would pay $37 a share.

Continental's stock was boosted by a Bloomberg report on the deal, closing Tuesday at $35.75, up 12%.

Continental went public in 2013.



Write to Maria Armental at [e-mail]



(END) Dow Jones Newswires

November 12, 2019 16:56 ET (21:56 GMT)

[waldron] 05/11/2019 05:52

Compagnie de Saint-Gobain SA (SGO.FR) said Monday that it sold its regional glass-transformation business Glassolutions in the Netherlands to Munich-based industrial group Aequita SE.

The French construction company hasn't disclosed the financial details of the deal.



Write to Giulia Petroni at [e-mail]



(END) Dow Jones Newswires

November 04, 2019 12:39 ET (17:39 GMT)

[misca2] 04/11/2019 07:46

Compagnie de Saint-Gobain SA (SGO.FR) said Monday that it has reached a deal to sell its expanded-polystyrene business in France.

The French construction company said it has reached an agreement with Hirsch Servo AG and BEWiSynbra Group AB for the sale of the business, which it expects to close by the end of this year.

Financial details weren't disclosed.



Write to Cristina Roca at [e-mail]; @_cristinaroca



(END) Dow Jones Newswires

November 04, 2019 02:22 ET (07:22 GMT)

[the grumpy old men] 24/10/2019 17:42

Compagnie de Saint-Gobain SA (SGO.FR) said Thursday that third-quarter revenue rose and backed its full-year guidance.

The French construction-materials company said revenue rose 3.1% on a like-for-like basis to 10.79 billion euros ($12 billion) compared with EUR10.34 billion a year earlier, boosted by a positive performance in Northern Europe, the Americas and other regions.

Saint-Gobain confirmed its 2019 outlook and said it expects a like-for-like increase in operating income for the second half of the year compared with the same period the year prior.



Write to Giulia Petroni at [e-mail]



(END) Dow Jones Newswires

October 24, 2019 12:18 ET (16:18 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.

[la forge] 20/10/2019 17:52

Oct 24 2019

2019 Nine months sales, after market closing

[maywillow] 16/10/2019 09:03

16/10/2019 | 9:25
Saint-Gobain announces that it has just finalized the acquisition of 100% of the mortars division of the Celima group, leader in Peru in the tiling glue market, which operates three factories in Lima, Arequipa and Trujillo.

This division has achieved sales of around 25 million euros in 2018 and employs around 100 people. With this acquisition, Saint-Gobain 'accelerates the expansion of its offer in Peru in a fast-growing construction market'.

[misca2] 16/10/2019 07:45

RNS Number : 0417Q

Compagnie de Saint-Gobain

16 October 2019

PRESS RELEASE

October 16, 2019

Saint-Gobain accelerates ITS development in MORTARS IN PERU

Saint-Gobain has just closed the acquisition of 100% of the mortars division of the Celima group in Peru, a market where Saint-Gobain has been present since 2014 through its Weber brand. The mortars division acquired is a leader in the country's tiling adhesives market and operates three plants in Lima, Arequipa and Trujillo. In 2018, it generated approximately EUR25 million in sales and has around 100 employees.

This acquisition is in line with the Group's strategy of deepening its footprint in emerging countries, and allows Saint-Gobain to accelerate its development and expand its offering in Peru in a fast-growing construction market. The Group is already a major player on the country's glass and plasterboard markets.

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.

EUR41.8 billion in sales in 2018

Operations in 68 countries

More than 180,000 employees

For more information about Saint-Gobain

Visit www.saint-gobain.com

and follow us on Twitter @saintgobain

[waldron] 15/10/2019 07:40

Vinci: HSBC goes from buy to hold with target of EUR 103.

[adrian j boris] 10/10/2019 07:14

Saint-Gobain: Morgan Stanley goes overweight with a price target raised from 37.50 to 42 EUR.

[grupo guitarlumber] 08/10/2019 15:40

8/10/2019 | 3:25 p.m.
The group Vinci announces this Tuesday to be present at the World Road Congress, which is currently held in Abu Dhabi.

'The Group, through its entities Eurovia, VINCI Autoroutes, Freyssinet, Terre Arm�e, Sixense, VINCI Concessions and Cyclope.ai, has the opportunity to present its expertise and several innovations such as Power Road, the 100% recycled road and solutions to accelerate the development of new mobility, 'says the group.

20,000 visitors are expected at the World Road Congress. The event brings together 1,200 institutional speakers and international experts.

[la forge] 01/10/2019 19:06

PARIS (Agefi-Dow Jones) - Construction materials maker Saint-Gobain announced Tuesday that it has finalized the sale of two of its K company managers by K, specializing mainly in the home sales of joinery and windows. made to measure on the French market.


"This activity, unique within Saint-Gobain, had limited synergies with the rest of the group," the group said in a statement.


K by K has a turnover of approximately 130 million euros in 2018 and employs nearly 1,000 employees.


-Eric Chalmet, Agefi-Dow Jones; [phone]; [e-mail] ed: LBO


Agefi-Dow Jones The financial newswire


(END) Dow Jones Newswires


October 01, 2019 12:11 ET (16:11 GMT)