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Could 27 (Reuters) – French development supplies group Saint-Gobain (SGOB.PA) stated on Friday it might divest a number of glass processing companies in Germany and Austria which mixed make use of over 320 workers.
The corporate below strain from activist investor Bluebell Capital to extend profitability will promote Eckelt Glas and Glas Ziegler in Austria to the privately-owned German group AEQUITA, it stated in a press release.
It additionally plans the sale of its holding within the co-venture Glaskontor Erfurt in Germany to caleoglas, with a closing of all transactions anticipated by this summer season.
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Reporting by Juliette Portala, modifying by Tassilo Hummel
Our Requirements: The Thomson Reuters Belief Rules.
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