PARIS, April 1, 2015 /PRNewswire/ --
Saint-Gobain welcomes the TOB's decision which confirms Sika's
articles of association, expresses no reservation about
Saint-Gobain's applying the opt-out clause which allows it to buy
Schenker-Winkler Holding (SWH)
without having to launch a mandatory takeover and explicitly
decides that the use of the opting-out by Saint-Gobain is not
abusive as had been put forward by Sika.
Saint-Gobain's position is strengthened by this decision. SWH's
legal situation was known to and recognized by all.
According to Saint-Gobain's CEO, Pierre-André de Chalendar, this
is why "a part of the management or the board of a listed company
cannot decide when, and to whom, shareholders can sell their
shares; it cannot interpret the company's articles of association
in the light of specific events or the identity of the owners of
one of its shareholders with a view to depriving it of its
rights."
The Group is determined to close this transaction despite
statements by Sika's board that it intends to restrict SWH's voting
rights on resolutions relating to the election of certain directors
at the general meeting of April 14.
Such measure would be against the law and must not be taken.
ABOUT SAINT-GOBAIN
In 2015, Saint-Gobain is celebrating its 350th anniversary,
350 reasons to believe in the future. Backed by its experience and
its capacity to continuously innovate, Saint-Gobain, the world
leader in the habitat and construction market, designs,
manufactures and distributes high-performance and building
materials providing innovative solutions to the challenges of
growth, energy efficiency and environmental protection. With 2014
sales of €41 billion, Saint-Gobain operates in 64 countries and has
over 180,000 employees. For more information about Saint-Gobain,
visit http://www.saint-gobain.com and
the twitter account @saintgobain.
Analyst/Investor Relations
Gaetano Terrasini
Vivien Dardel
Marine Huet
+33-1-47-62-32-52
+33-1-47-62-44-29 +33-1-47-62-30-93
Media Relations
Sophie Chevallon
Susanne Trabitzsch
+33-1-47-62-30-48
+33-1-47-62-43-25
SOURCE Saint-Gobain