Guardian or Sisecam? Who will be the new owner of Sangalli?

Date: 6 June 2016
News from Sangalli Vetro Porto Nogaro Spa. Sisecam offered 90 million euros to acquire the float glass plant of San Giorgio di Nogaro (Italy).

It is a staggering figure, far more than the 54.5 million euros offered months ago by the American Guardian.

Guardian has until June 15 to match the offer and buy the company. Sisecam submitted a complaint to the Court of Appeal of Trieste against the decree of the automatic assignment to the first bidder in the event that the first bidder matches the improved offer.

We will keep you updated on evolutions in the coming weeks.

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600450 Guardian or Sisecam? Who will be the new owner of Sangalli?
Date: 6 June 2016

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