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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Compagnie De Saint-gobain | LSE:COD | London | Ordinary Share | FR0000125007 | COMPAGNIE DE ST-GOBAIN ORD SHS |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 89.85 | 85.95 | 94.00 | 2,952 | 10:53:58 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Construction Machinery & Eq | 47.94B | 2.67B | - | N/A | 46.03B |
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RNS Number:3966J
Compagnie de Saint-Gobain
31 March 2003
press release
SAINT-GOBAIN CERAMICS & PLASTICS TO TAKE CONTROL OF Toshiba monofrax
Saint-Gobain Ceramics & Plastics, Toshiba Ceramics and Nippon Electric Glass ("
NEG") have signed today an agreement setting up a new capital structure for
Toshiba Monofrax, a formerly 49/51 joint-venture between Saint-Gobain and
Toshiba Ceramics in Japan.
Under this agreement, Toshiba Ceramics sold today its 51% stake in the
joint-venture to NEG for 40% and to Saint-Gobain for 11%. As a result,
Saint-Gobain's share in Toshiba Monofrax now amounts to 60%.
The company name has been changed to 'SAINT-GOBAIN TM K.K'.
The company is dedicated to high performance refractories for the Japanese
market and more generally for the Asian market. Its 2002 sales amounted to 6 653
M JPY (57 M euroEuro).
Through this transaction, the Saint-Gobain Group further extends its presence in
Asia, Japan being the Group's first market in the region.
March 31th, 2003.
Investor Relations Department
Tel. : Florence TRIOU-TEIXEIRA +33 1 47 62 45 19 - mailto : florence.triou@saint-gobain.com
Tel. : Alexandre ETUY +33 1 47 62 37 15 - mailto : alexandre.etuy@saint-gobain.com
Fax: +33 1 47 62 50 62
This information is provided by RNS
The company news service from the London Stock Exchange
END
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