Saint Gobain: Deal with the Burkard family extended

BUY, Fair Value EUR42 (+11%)
News published on March Monday 14, 2016
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Over the week-end, Saint-Gobain announced the extension of its deal with the Burkard family. The validity date of the agreement is now the 30th of June 2017. Furthermore, Saint-Gobain has an option for another extension until the 31th of December 2018. According to Saint-Gobain,"the amendment to the agreement covers the longest of timelines to resolve related disputes, allowing SWH to regain its property rights". We continue to be buyers of the stock, but the ongoing Sika uncertainties might dampen the share price, until resolved.

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