Saint-Gobain Transfers its Shares in Flovetro SpA
April 2, 2012

Officials at Saint-Gobain of France and NSG Corp. of Japan signed an agreement on March 29 by which NSG acquired Saint-Gobain's total stake in Flovetro SpA, according to an announcement from Saint-Gobain.

The companies have shared a 50-50 stake in Flovetro SpA since 1976. Flovetro operates a flat glass manufacturing float line in San Salvo, Italy. The transfer of shares, which is subject to no suspensive conditions, was scheduled to be made today. Flovetro SpA will then become a wholly-owned business of NSG, according to Saint-Gobain.

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