Algeria-France: signing of Saint-Gobain - Alver agreement

ALGIERS - The agreement between the French group of glass production Saint-Gobain and the Algerian group Alver for acquiring the Algerian leader of glass was signed on Monday in Algiers during the Forum of Algerian-French partnership, according to French and Algerian sources.

The agreement, following lengthy negotiations, was signed by the CEOs of the two groups.

No indication was given on the amount and terms of the transaction.

Algerian minister of Industry, Small Business and Investment Promotion Mohamed Benmeradi announced in recent days to AFP finalizing negotiations and signing of the agreement during the visit of John Pierre Raffarin, former French prime minister appointed by President Nicolas Sarkozy to boost cooperation between the two countries and accelerate the conclusion of negotiations on twelve records in search of success. 

The record Alver - Saint-Gobain has taken more than two years before being sealed off because of debts of the Algerian company and the opposition of its employees to its privatization and sale to a foreign group. 

Alver, subsidiary of Algerian public ENAV, produces and sells 60,000 tons hollow glass that covers most of the Algerian market, according to its website.

Ennaharonline/ M. O.

600450 Algeria-France: signing of Saint-Gobain - Alver agreement

See more news about:

Others also read

Proprietary laminate windows collect, store energy; convert it to electricityRIVIERA BEACH, FL – An innovative new patented technology transforms office building windows into "solar farms" and allows these structures to reuse collected energy and become self-sufficient in the event of a power outage.
DALLAS, Texas, December 22, 2011 /PRNewswire/ --ReportsnReports adds new market research report 'Solar Photovoltaic (PV) Power - Global Market Size, Installation Prices, Module Market Shares, Market Segmentation, Regulations and Key Country Analysis to 2020' to its store.
The University of Minnesota's historic Folwell Hall completed three years of extensive renovation, just time for the 2011 academic year.
The development of ESG’s privacy glass product, ESG Polyvision™, has quite literally reached new heights.
We sincerely thank all our members, friends and visitors for being part of GlassOnWeb and its success during 2011.
Michael Gai has been named Vice President of Operations at Glass Doctor, following the recent promotion of Mark Liston to President.

Add new comment