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Tag Archives: Sika

Saint-Gobain to drop its shareholding in Swiss chemical maker Sika

Sika has more than 300 plants worldwide (Keystone) The French building materials and distribution group Saint-Gobain has announced the sale of its 10.75% stake in the capital of the Swiss chemical manufacturer Sika. Saint-Gobain said in a press releaseexternal link on Tuesday that it would dispose of “of its entire stake in Sikaexternal link of approximately 15.2 million shares, representing 10.75% of Sika’s share capital”, without mentioning any financial amount....

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Sika stand-off with family heirs continues unabated

Urs Burkard, representing the family heirs, appeals to the AGM during an address. (Keystone) - Click to enlarge During another stormy annual general meeting, the majority stakeholders of Swiss chemical manufacturer Sika were once again controversially denied the chance to vote in a new chairman who would support their plans to sell the company to a French rival. At Tuesday’s AGM, the family heirs of Sika’s...

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Europe’s bitterest takeover battle continues in Switzerland

Investec Switzerland. The main players in Europe’s most hostile bid situation are digging in. Saint-Gobain said last week that its bitterly contested plan to take control of building materials rival Sika was still a strategic priority — even though the Swiss target’s board and minority shareholders are prepared for a multi-year fight. There are peaceful ways out of the situation, if only emotion wasn’t involved. © Zepherwind | Dreamstime.com Sika is controlled by...

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Sika’s fight against Saint-Gobain drags on as board renewed

Investec Switzerland. Sika AG minority shareholders won an important round in their 16-month battle to ward off a sale to a French competitor after re-electing half a dozen directors to the board who support their cause. At Sika’s annual meeting in Baar, Switzerland on Tuesday, Chairman Paul Haelg restricted voting rights of the founding Burkard family, allowing six directors including himself to be re-elected to the nine-member board for another year. © Presse750 |...

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