Saint-Gobain's Verallia becomes latest IPO flop

Date: 22 June 2011

French construction materials maker Saint-Gobain on Monday postponed indefinitely the initial public offering of glass container unit Verallia, the latest sign of ailing demand for European stock flotations.

Saint-Gobain, which had hoped to raise up to 958 million euros ($1.36 billion) from the spinoff, cited an "underlying level of market uncertainty and volatility."

Read more on the link below.

600450

www.reuters.com

2011-06-22T13:00:00

Saint-Gobain's Verallia becomes latest IPO flop glassonweb.com

See more news about:

Saint-Gobain Glass

WhatsApp LINKEDIN FACEBOOK X PRINT MORE

Others also read

MORE...

Saint-Gobain signs a renewable electricity supply agreement in Romania

Saint-Gobain has signed a 5-year renewable electricity supply agreement (Power Purchase Agreement or PPA) in Romania with OMV PETROM SA.

Two Osprey 10 Distortion Systems enhance solar glass production at Saint-Gobain India

In the intricate world of glass manufacturing, precision, and quality assurance stand as pillars of success.

Investments in Egypt on a roll | Saint-Gobain

The Ain Sokhna float plant in Egypt will see its capacity increased with the construction of a second flat glass production line.

Saint-Gobain Glass Launches Its New COOL-LITE® SKN 175

Enhanced solar control glass with exceptional performance

Saint-Gobain signs a definitive agreement to acquire CSR Limited

Saint-Gobain solidifies its presence in the Australian market with the signing of a definitive agreement to acquire CSR Limited.

Saint-Gobain in advanced talks to acquire CSR

This acquisition would be fully aligned with Saint-Gobain’s strategy as a worldwide leader in light and sustainable construction and an opportunity to enter the Australian market.