Acquisition (0029U)
15 December 2011 - 3:53AM
UK Regulatory
TIDMCOD
RNS Number : 0029U
Compagnie de Saint-Gobain
14 December 2011
December 14, 2011
Saint-Gobain's Pipe Activity gains a foothold in India
The Pipe Activity of Saint-Gobain Construction Products Sector
has entered, on December 14th, 2011, into an agreement for the
acquisition of the ductile iron pipe division of the Electrotherm
company. Saint-Gobain Construction Products Sector will acquire the
equity stake of an Indian subsidiary of Electrotherm (India)
Limited, for an equity value of INR 9.5 billion (around EUR 135
million). The finalization of this acquisition is subject to
antitrust clearance in India.
Sales of Electrotherm's Pipe division amounted to INR 5492
million (around EUR 80 million) in 2010 with 715 employees. This
fast developing business has two production sites in the states of
Gujarat and Karnataka.
Thanks to this acquisition, the Pipe Activity strengthens its
global presence.
Analyst / Investor Relations Press Contact
----------------------------------------- -----------------------------
Florence Triou-Teixeira +33 1 47 62 Sophie Chevallon +33 1 47
Vivien Dardel 45 19 62 30 48
Alexandra Baubigeat +33 1 47 62 Susanne Trabitzsch +33 1 47
44 29 62 43 25
+33 1 47 62
30 93
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This information is provided by RNS
The company news service from the London Stock Exchange
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