Saint Gobain is keen to expand its domestic glass business and is looking at investing in manufacturing activity which will fuel its growth and advanced technology, reports CNBC-TV18抯 Ashwin Mohan quoting sources.
It is learnt that Saint Gobain is in advanced talks with Sezal Glass to acquire its 150 acre float glass plant in Bharuch, Gujarat. It produces 550 tonnes of float glass per day.
Sources add that the deal is likely to be closed by the end of this month. Deal likely to be closed by the end of May. Both the parties are keen on the deal closure before the new Competition Commission of India (CCI) merger and acquisition norms kick in.
Sezal Glass has said that they have "always acted in shareholder interest and are talking to many interested parties but no timeline?has been decided on the potential deal.
Sezal Glass has said that they have "always acted in shareholder interest and are talking to many interested parties but no timeline?has been decided on the potential deal.
You are not logged in, please sign in to view contact
Info release
Promotion
Building shop
Online business
