Glass industry merger authorised

Date: 7 February 2011
Source: www.europolitics.info

Date: 7 February 2011

The European Commission granted clearance, on 3 February, to the acquisition of joint control over Trakya Glass Rus ZAO by Saint-Gobain Glass France and the Turkish company Trakya Cam.

Saint-Gobain is mainly engaged in the production and sale of glass, ceramics, plastics and building materials. Trakya is active in the production and sale of glass, glassware, glass packaging and chemicals. It is a subsidiary of Turkiye Sis eve Cam Fabrikalari A.S. The new joint venture will be active in the manufacture and sale of glass in Russia.
600450 Glass industry merger authorised glassonweb.com

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