Saint-Gobain transfers its shares in Flovetro

Saint-Gobain and the NSG Corporation have signed an agreement concerning the acquisition by NSG of Saint-Gobain’s total stake in Flovetro SpA.

Saint-Gobain and the NSG Corporation signed an agreement on 29 March concerning the acquisition by NSG of Saint-Gobain’s total stake in Flovetro SpA. This company, which operates a flat glass manufacturing float line in San Salvo (Italy), has been jointly held 50- 50 by the two groups since 1976. The transfer of shares, which is not subject to suspensive conditions, was made on 2 April 2012, with Flovetro SpA becoming a wholly-owned business of NSG.
This transfer follows the upgrading by Saint-Gobain of its Pisa facility in 2011.