[Saint-Gobain] Sale Postponed

French based Saint-Gobain SA has postponed the sale of its packaging unit due to the credit crunch, Saint-Gobain CE Pierre-Andre de Chalendar said in an interview 8 December 2008 in German newspaper Handelsblatt. Mr. de Chalendar said potential buyers would have trouble at this point obtaining the necessary credit for such an acquisition. The postponement is no tragedy, however, as he is satisfied with the unit's operating performance. The company will nevertheless seek to sell the unit in due course.

Author
Un-named
Origin
Unknown
Journal Title
Glassonline 16 December 2008
Sector
Container glass
Class
C 3853

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[Saint-Gobain] Sale Postponed
Glassonline 16 December 2008
C 3853
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