St-Gobain chances IPO market with Verallia listing

* Indicative IPO price range 29.50 to 36 euros/share * Price discounted to account for tough market * To raise 958 mln-1.1 bln eur in IPO of 40-46 pct stake * Shares due to start trading on June 22 * Verallia eyes 3-5 pct annual organic net sales growth (Adds detail, background, share price) France's Saint-Gobain plans to brave tough conditions in the European market for initial public offerings and list its glass packaging unit in order to focus on home and construction products.

The glassmaker said it would sell 40 percent of Verallia to investors, raising up to 958 million euros ($1.4 billion). It could raise the amount to 46 percent if demand was strong enough, leading to proceeds of as much as 1.1 billion euros ($1.6 billion.)

Read more on the link below.

600450 St-Gobain chances IPO market with Verallia listing glassonweb.com

See more news about:

Others also read

Sika, the Burkard family and Saint-Gobain have signed agreements which terminate and resolve their dispute to the common benefit of all parties involved and that of their respective shareholders and stakeholders.
Saint-Gobain Acquires Italian Company Logli Massimo
Saint-Gobain strengthens its glass solutions portfolio.
Mr. Pierre-André de Chalendar
Compagnie de Saint-Gobain’s Board of Directors decides to propose the renewal of the Director’s term of office of Mr. Pierre-André de Chalendar and to co-opt Ms. Dominique Leroy, CEO of Proximus, as an independent Director.
Wicona provides innovative structural glazing solutions to One Bedford Avenue
WICONA, the specialist manufacturer of glazing and glass curtain walling, has worked with specialist contractor GLASSOLUTIONS to deliver the glazing and facades package for One Bedford Avenue, a flagship mixed use development in Central London.
Windows, Doors & Facades 2017: A continuing success story
The fair in Dubai is the central meeting place for worldwide manufacturers and distributors of window, door and facade products.
Providing a clear and safer vision: A new glass solution for LNG Carriers
Vetrotech Saint-Gobain, introduces THERMOVIT© PRO A0, an electrically heated glass solution with A0 fire-resistance in line with IGC International Code for Liquefied Natural Gas (LNG) Carriers.

Add new comment