StockMarketWire.com - Compagnie de Saint-Gobain plans to acquire a controlling interest in Sika, world leader in construction chemicals.

The transaction involves Saint-Gobain's purchase of Schenker Winkler Holding AG, owner of 16.1% of Sika's capital and 52.4% of its voting rights, for CHF 2.75 billion (~€2.3 billion).

Following the acquisition, the Saint-Gobain Group will be able to fully consolidate Sika in its accounts, leading to a positive impact on net income as from the first year.

Saint-Gobain does not intend to launch an offer for Sika's remaining shares and has full confidence in the company to continue developing the business. Sika employs more than 16,000 people in 84 countries and reported CHF 5,142 million in sales in 2013 (~€4.3 billion). Over the past few years, the company has shown remarkable growth (more than 8% average annual growth between 2007 and 2013) and capacity for development in emerging countries (38% of its sales are made in emerging countries).




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