|Bid||0.00 x 2100|
|Ask||0.00 x 900|
|Day's range||8,445.00 - 8,680.00|
|52-week range||6,420.00 - 8,680.00|
|PE ratio (TTM)||33.88|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Swiss building materials company Sika AG (SIKA.S) opened a new concrete ingredients plant in Saudi Arabia, moving production closer to growing building markets in the Saudi capital of Riyadh and on the country's eastern coast. The plant for concrete admixtures -- chemicals added to concrete to enhance water resistance, plasticity or other properties -- will be located in Dammam. Sika has supplied customers in Riyadh as well as on the east coast from a plant in Rabigh, more than 1,000 km (620 miles) away.
When Sika AG (VTX:SIKA) released its most recent earnings update (31 December 2017), I compared it against two factor: its historical earnings track record, and the performance of its industryRead More...
Compagnie de Saint-Gobain and Sika AG on Friday struck an agreement to end their long-running legal dispute, bringing the French building-material company’s pursuit of a controlling stake in Swiss-based Sika to a close. Under the terms of the agreement Saint-Gobain said it paid 3.22 billion Swiss francs ($3.21 billion) to Sika’s founding Burkard family for its Schenker-Winkler Holding AG, which holds a roughly 17% stake in Sika but a majority of the voting rights. Saint-Gobain subsequently sold about 7% of the equity back to Sika for 2.08 billion Swiss francs and it will retain the remaining 10.8% stake for at least two years, while Sika will have preferential buying rights if Saint-Gobain chooses to sell the stake, the companies said.
Everyone comes away with something from the tussle for Swiss adhesives maker Sika AG. In December 2014, the Burkard family agreed to sell a 16 percent stake in Sika to French customer Cie. de Saint-Gobain SA. The Sika board and other shareholders were furious. Worse, the transaction was hatched in secret, even though the Burkards sit on Sika's board.
AG’s (SIK.EB) founding Burkard family have struck an agreement to end their long-running legal dispute with Sika’s management, according to statements from both companies published Friday. Under the terms of the agreement Saint-Gobain said it bought Schenker-Winkler Holding AG, the Burkard family holding company, for 3.22 billion Swiss francs ($3.21 billion) and subsequently sold a 7% stake in Sika to Sika for CHF2.08 billion. Saint-Gobain also said it will retain Schenker-Winkler’s remaining 10.8% stake in Sika for at least two years, while Sika will have preferential buying rights in the case Saint-Gobain decides to sell the stake.
Cie. de Saint Gobain SA, Swiss adhesives maker Sika AG and its founding family unveiled a complex accord Friday to end a protracted Swiss legal dispute. Under the terms, the heirs behind Sika sold their entire 17 percent stake for 3.22 billion francs ($3.21 billion) to Saint Gobain, which will give up the special voting rights that were at the heart of the conflict with other Sika shareholders and management. Sika in turn bought an almost 7 percent holding from Saint Gobain, a French supplier of building materials.