COD Compagnie De Saint-gobain

RNS 5834t COMPAGNIE DE SAINT-GOBAIN 3 May 1999 SAINT-GOBAIN AND VIVENDI UNDWIND
THEIR CROSS-SHAREHOLDINGS Compagnie de Saint-Gobain and Vivendi have begun
unwinding their cross-shareholdings on April 30, by exercising the reciprocal
options granted in July 1998 to buy back their shares.  The options set up at
the same time, as a hedge against fluctuations in the two companies' share
prices, have also been closed out. Details of the transactions are as follows: -
Compagnie de Saint-Gobain has purchased from Vivendi 3,000,000 Saint Gobain
shares at a total price of EUR 483 million (FRF 3,168 million) or EUR 161 (FRF
1,056) per share.  Its remaining interest in Vivendi's capital stands at 3.4%,
representing 6.5% of the voting rights. - Vivendi has purchased from Compagnie
de Saint-Gobain 4,700,000 Vivendi shares at a total price of EUR 808 million
(FRF 5,300 million) or EUR 172 (FRF 1,128) per share.  Its remaining interest in
Saint-Gobain's capital stands at 1.8%, representing 3.4% of the voting rights.
May 3rd, 1999. Service des Relations avec les Actionnaires Tel.  Florence TRIOU
: 01 47 62 45 19 Tel.  Lounis BEKKAT  : 01 47 62 32 36
        Fax :  01 47  62  50  62  END
   HOLZLGGKRDGLLMG 

Compagnie De Saint-gobain (LSE:COD)
Historical Stock Chart
From Jun 2024 to Jul 2024

Compagnie De Saint-gobain (LSE:COD)
Historical Stock Chart
From Jul 2023 to Jul 2024