March 21, 2018 / 6:20 PM / a month ago

Saint-Gobain CEO expects resolution of Sika case by end of year

PARIS, March 21 (Reuters) - French glass-maker Saint-Gobain expects a resolution of its long-standing takeover battle for Switzerland’s Sika by the end of the year, its chief executive said on Wednesday.

“I’m absolutely confident that things will go well,” Pierre-Andre de Chalendar told BFM Business TV channel.

Sika’s board has opposed the family shareholders’ plan to sell their controlling stake to Saint-Gobain. A court ruling in the bitter fight is expected in the next few weeks. (Reporting by Gilles Guillaume, writing by Michel Rose; editing by John Irish)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below