COURBEVOIE (dpa-AFX) - Hankuk Glass Industries or HGI, a South Korean subsidiary of Saint-Gobain, launched a tender offer to acquire the 23% of its shares owned by minority shareholders. As a result of this successful offer, Saint-Gobain together with HGI now holds 96.8% of the share capital of HGI, with a delisting planned.
HGI holds a leading position in South Korea and in Asia in glass products and insulation for the construction and automotive markets. It achieved consolidated sales of around 270 million euros in 2017.
Copyright RTT News/dpa-AFX