Saint-Gobain to acquire SWH stake in Sika

Saint-Gobain will acquire Schenker-Winkler Holding AG (SWH) from the Burkard family, ending a legal dispute. Saint-Gobain will then sell a 6.97% stake in Sika to Sika for 2.1 billion Swiss francs and retain a 10.75% stake.

“Saint-Gobain and Swiss peer Sika said on Friday they had reached an agreement to end a long-standing legal dispute, which will result in Saint-Gobain acquiring a large stake in Sika.”reuters.com

• 3 sources
• reuters.comSaint-Gobain to take stake in Sika as construction groups end disputeMay 11, 2018
• rttnews.comSaint-Gobain Acquires SWH; Sells 6.97% Stake In Sika - Quick FactsRTT Staff WriterMay 11, 2018
• glassonline.comSika and Saint-Gobain end takeover dispute | GlassOnline.com - The World's Leading Glass Industry WebsiteSoniaMay 17, 2018

Summarized from public sources; check the original articles before acting on it.