- Compagnie de Saint-Gobain has extended the validity of its agreement with the Burkard family relating to the sale of shares of Schenker-Winkler Holding (SWH) - which holds the majority of Sika voting rights.

Saint-Gobain said it had exercised its option to extend the validity of the agreement until 31 December 2017.

Saint-Gobain said it would then have the right to extend the agreement up until the end of December 2018.

It said: "This further extension of the sale agreement once again reflects the alignment between the Burkard family and Saint-Gobain and their unwavering determination.

"The transaction makes strategic, industrial and financial sense for Saint-Gobain and for Sika, for their employees, for their customers and for all of their shareholders."

At 9:28am: [LON:COD] Compagnie De StGobain share price was -0.29p at 47.07p

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