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Compagnie de Saint Gobain SA (SGOB.PA)

SGOB.PA on Paris Stock Exchange

34.14EUR
19 Jul 2019
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Latest Key Developments (Source: Significant Developments)

St Gobain outlines impacts of new IFRS standards
Monday, 1 Jul 2019 

July 1 (Reuters) - St Gobain ::* Group has chosen to apply IFRS 16 using the full retrospective method at January 1, 2019, with retroactive effect from January 1, 2018.* Group estimates that the impact at the transition date.* The full-year 2018 impact is an increase of +€787 million in EBITDA and +€85 million on operating income.  Full Article

Saint-Gobain Cancels 6 Million Shares
Friday, 14 Jun 2019 

June 14 (Reuters) - Compagnie de Saint Gobain SA ::SAINT-GOBAIN CANCELS 6 MILLION SHARES.  Full Article

RIB Software, Saint Gobain Announce JV in Germany
Monday, 8 Apr 2019 

April 9 (Reuters) - RIB Software SE ::Saint-Gobain and RIB announce joint venture "SGTWO" in Germany.New joint venture SGTWO will offer new suite of online services to improve digital offer for general contractors, builders and architects.For RIB, 100% subsidiary YTWO will act as shareholder of new company.Objective of JV is to improve way of modular building and planning in enhanced 5D BIM solution.New company will be headquartered in Düsseldorf.  Full Article

Tecnoglass Enters Into Strategic Joint Venture Agreement With Saint-Gobain
Friday, 11 Jan 2019 

Jan 11 (Reuters) - Tecnoglass Inc ::TECNOGLASS ENTERS INTO STRATEGIC JOINT VENTURE AGREEMENT WITH SAINT-GOBAIN.COMPANY'S INVESTMENT FOR MINORITY INTEREST IN VIDRIO ANDINO IS APPROXIMATELY $45 MILLION.TECNOGLASS - INVESTMENT EXPECTED TO BE FUNDED WITH CASH OF APPROXIMATELY $34 MILLION PLUS LAND CONTRIBUTED AT AN AGGREGATE VALUE OF APPROXIMATELY $11 MILLION.JV AGREEMENT WITH SAINT-GOBAIN THROUGH PLANNED PURCHASE OF MINORITY OWNERSHIP INTEREST IN VIDRIO ANDINO, A UNIT OF SAINT-GOBAIN.TECNOGLASS INTENDS TO FUND CASH PORTION OF TRANSACTION WITH CASH ON ITS BALANCE SHEET AND READILY AVAILABLE LINES OF CREDIT.INITIAL $45 MILLION INVESTMENT INTO JV FROM TECNOGLASS WILL BE USED TO FUND PORTION OF CONSTRUCTION COST FOR NEW MANUFACTURING FACILITY.TECNOGLASS - INITIAL $45 MILLION INVESTMENT WILL BE USED TO FUND A PORTION OF CONSTRUCTION COST FOR NEW MANUFACTURING FACILITY NEAR BARRANQUILLA.  Full Article

St Gobain: Tecnoglass buys minority share in Colombian arm Vidrio Andino
Friday, 11 Jan 2019 

Jan 11 (Reuters) - Saint Gobain SA ::SAINT-GOBAIN INCREASES ITS FLAT GLASS PRODUCTION CAPACITY IN COLOMBIA.TECNOGLASS HAS TAKEN A MINORITY SHARE IN THE CAPITAL OF ITS COLOMBIAN SUBSIDIARY VIDRIO ANDINO.Vidrio Andino will build a new float in Colombia to meet growing demand for glass in this region.New capacity will increase Saint-Gobain's daily production by 750 metric tons of glass dedicated to architectural projects in the region. Initial production is planned for 2021.  Full Article

St Gobain in talks over sale of its silicon carbide division
Tuesday, 8 Jan 2019 

Jan 8 (Reuters) - :ENTERS INTO EXCLUSIVE DISCUSSIONS FOR SALE OF ITS SILICONE CARBIDE DIVISION.EXCLUSIVE AGREEMENT WITH PRIVATE EQUITY FIRM OPENGATE CAPITAL AFTER HAVING RECEIVED A PURCHASE OFFER TO ACQUIRE THE GROUP’S SILICON CARBIDE DIVISION..FIRM AND BINDING OFFER IS NOT SUBJECT TO ANY FINANCING CONDITIONS.Saint-Gobain is a worldwide leader in silicon carbide grains and powders with annual sales of around €120 million.Transaction is part of Saint-Gobain’s announced objective to divest businesses representing sales of at least €3 billion by the end of 2019.  Full Article

Saint-Gobain Acquires SIG Roofspace for 20 Million Euros
Monday, 17 Dec 2018 

Dec 17 (Reuters) - COMPAGNIE DE SAINT GOBAIN SA ::ACQUIRES SIG ROOFSPACE.ROOFSPACE IS BASED IN THE MIDLANDS, AND ACHIEVED SALES OF AROUND €20 MILLION IN 2017.  Full Article

Samsung Biologics Says Signs Deal To Receive Materials From Saint-Gobain
Tuesday, 4 Dec 2018 

Dec 5 (Reuters) - Samsung Biologics Co Ltd <207940.KS>::SAYS SIGNS DEAL TO RECEIVE MATERIALS FROM SAINT-GOBAIN.  Full Article

Compagnie St-Gobain To Sell Entities Of Xuzhou Site In China And Industrial & Property Assets
Friday, 23 Nov 2018 

Nov 23 (Reuters) - Compagnie de Saint Gobain SA ::DISPOSAL.PROPOSED DEAL FOR APPROXIMATELY EUR 200 MILLION.FINALIZED SALE OF ENTITIES OF XUZHOU SITE IN CHINA AND INDUSTRIAL AND PROPERTY ASSETS TO NANJING MANYUAN TECHNOLOGY.  Full Article

Saint-Gobain Chairman-CEO Buys Additional Shares in Company
Tuesday, 9 Oct 2018 

Oct 9 (Reuters) - COMPAGNIE DE SAINT GOBAIN SA ::PURCHASE OF SAINT-GOBAIN SHARES BY CHAIRMAN-CEO.CHAIRMAN-CHIEF EXECUTIVE OFFICER OF SAINT-GOBAIN INCREASED HIS POSITION BY 13,410 ADDITIONAL SHARES..  Full Article

UPDATE 2-CRH to exit distribution business in $1.9 bln Blackstone deal

* Transaction value is attractive - JPM analysts (Recasts, adds analysts comments, industry background)