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Saint-Gobain: closed deal with Verriere d“Albi (VOA)

5 February 1998: The takeover of VOA-Verrerie d“Albi by Saint-Gobain, which began in September (see GlassOnline 9 October 1997) has been finalised, for a sum of around FFr 220 million.
The bottle f…

5 February 1998: The takeover of VOA-Verrerie d“Albi by Saint-Gobain, which began in September (see GlassOnline 9 October 1997) has been finalised, for a sum of around FFr 220 million. The bottle factory will become a subsidiary of Saint-Gobain Emballage, which had already owned 10%, while the 90% majority stake was held by Consortium de Realisation (CDR), the body set up to sell Credit Lyonnais assets. VOA was previously ranked third behind Saint-Gobain in the market for wine and spirits bottles.

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