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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% | 78.125 | 73.75 | 81.35 | 72,262 | 12:12:22 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Construction Machinery & Eq | 47.94B | 2.67B | - | N/A | 40.02B |
TIDMCOD
RNS Number : 0029U
Compagnie de Saint-Gobain
14 December 2011
December 14, 2011
Saint-Gobain's Pipe Activity gains a foothold in India
The Pipe Activity of Saint-Gobain Construction Products Sector has entered, on December 14th, 2011, into an agreement for the acquisition of the ductile iron pipe division of the Electrotherm company. Saint-Gobain Construction Products Sector will acquire the equity stake of an Indian subsidiary of Electrotherm (India) Limited, for an equity value of INR 9.5 billion (around EUR 135 million). The finalization of this acquisition is subject to antitrust clearance in India.
Sales of Electrotherm's Pipe division amounted to INR 5492 million (around EUR 80 million) in 2010 with 715 employees. This fast developing business has two production sites in the states of Gujarat and Karnataka.
Thanks to this acquisition, the Pipe Activity strengthens its global presence.
Analyst / Investor Relations Press Contact ----------------------------------------- ----------------------------- Florence Triou-Teixeira +33 1 47 62 Sophie Chevallon +33 1 47 Vivien Dardel 45 19 62 30 48 Alexandra Baubigeat +33 1 47 62 Susanne Trabitzsch +33 1 47 44 29 62 43 25 +33 1 47 62 30 93 ------------------------- -------------- -----------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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