Saint-Gobain: Declarations Of The Board

The Board of  Directors of Compagnie de Saint-Gobain notes with satisfaction the progress  made in the execution of the Group's strategy as approved by the Board and  presented by its Chief Executive Officer on July 27, 2007.

In this regard, the Board notes the recent successful acquisitions of  Maxit and Norandex, as well as the sale of the Reinforcements and  Composites business, and confirms that the projected divestment of the Packaging business will be implemented in timely fashion.

The Board of Directors of Compagnie de Saint-Gobain records the  acquisition by investment firm Wendel of an interest in the Company's  capital, as well as the representations made by said firm in this respect  when disclosing that it had crossed the 5%, 10% and 15% shareholding  thresholds, in addition to the intentions stated by Wendel when exceeding  the 10% shareholding threshold.

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600450 Saint-Gobain: Declarations Of The Board glassonweb.com
Date: 24 November 2007
Source: Prnewswire.com

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