Saint-Gobain and Trakya Cam: merger authorized

The acquisition of joint control over Trakya Glass Rus ZAO by Saint-Gobain Glass France and Turkish company Trakya Cam was granted clearance on 3 February by the European Commission. Saint-Gobain is i…

The acquisition of joint control over Trakya Glass Rus ZAO by Saint-Gobain Glass France and Turkish company Trakya Cam was granted clearance on 3 February by the European Commission. Saint-Gobain is involved principally in the production and sale of glass, ceramics, plastics and building materials, while Trakya, a subsidiary of Turkiye Sis eve Cam Fabrikalari A.S., is active in the production and sale of glass, glassware, glass packaging and chemicals. The new joint venture will be active in the manufacture and sale of glass in Russia.