Date: 3 February 2007
Reuterts reported that Pilkington, the UK-based unit of Japanese glassmaker Nippon Sheet Glass, said on Friday it had launched legal action against Mexico's Vitro over a move to merge a unit Pilkington part-owns into another company.
Pilkington said in a statement that it started proceedings against Vitro to try to suspend and annul the company's decision to merge its Vitro Plan unit -- in which Pilkington owns 35 percent -- into Vimexico, a new company.
Vitro S.A. and Pilkington established a partnership in 1965
Pilkington said it was not consulted on the move, which would dilute its stake to 8.2 percent.
Read the entire news on the source link below.
Reuters
2007-02-03T12:00:00
Pilkington Says Starts Legal Case Against Vitro
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