Saint-Gobain transfers its shares in Flovetro SpA

Saint-Gobain and the NSG Corporation signed an agreement on March 29 concerning the acquisition by NSG of Saint-Gobain’s total stake in Flovetro SpA.

This company, which operates one flat glass manufacturing float line in San Salvo (Italy), has been jointly held 50-50 by the two groups since 1976. The transfer of shares, which is subject to no suspensive conditions, will be made on April 2, 2012. Flovetro SpA will then become a wholly-owned business of NSG.

This transfer follows the upgrading by Saint-Gobain of its Pisa facility in 2011.

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600450 Saint-Gobain transfers its shares in Flovetro SpA glassonweb.com
Date: 3 April 2012
Source: www.saint-gobain.com

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