Arab Today, arab today irish glass firm eyes verallia operation takeover
Last Updated : GMT 13:27:38
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Irish glass firm eyes Verallia operation takeover

Arab Today, arab today

Arab Today, arab today Irish glass firm eyes Verallia operation takeover

Paris - AFP

The Dublin-based Ardagh glass-packaging group has made a "binding and irrevocable offer" to French construction giant Saint Gobain to acquire its Verallia North America operation for some 1.275 billion euros ($1.7 billion), Saint Gobain said on Monday. Saint Gobain will consult with its works council before reaching a decision, it said in a statement, noting that the transaction would represent 6.5 times the company's EBITDA in 2012.

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