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Search resuls for: "Compagnie de Saint"


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The case against Saint-Gobain and its local unit was filed to the Competition Commission of India (CCI) in May by a retired glass industry executive, whose name was redacted in the documents as the person sought confidentiality. Saint-Gobain has a 44% share of the float glass market in India and a 19% share of the coated one, according to the documents. The group and its India unit, Saint-Gobain India Private Limited, "conduct their activities in compliance with laws", in particular competition law, it said. The May 25 case documents allege Saint-Gobain entered into agreements with glass processors, forcing them to "exclusively" purchase glass from the company or face stopped supplies if that obligation is not fulfilled. Saint-Gobain counts India as a key market.
Persons: Gonzalo Fuentes, Gobain, Benoit Bazin, Aditya Kalra, Muralikumar Organizations: La Defense, REUTERS, India, Company, Compagnie de Saint, Reuters, Saint, Competition Commission of India, Limited, DLF, Thomson Locations: Courbevoie, Paris, France, India, DELHI
European shares climb on Saint-Gobain, Elekta boost
  + stars: | 2023-02-24 | by ( ) www.reuters.com   time to read: +1 min
Feb 24 (Reuters) - European shares opened higher on Friday, boosted by upbeat earnings reports from French construction materials giant Saint-Gobain and Swedish radiation therapy equipment Elekta. The STOXX 600 index (.STOXX) climbed 0.4% by 0811 GMT, keeping with a rise in Asian markets after the Bank of Japan ruling out an early end to super-easy monetary policy pushed bond yields lower globally. Compagnie de Saint-Gobain (SGOB.PA) gained 5.5%, pushing the European construction and materials index (.SXOP) up 0.8% after it posted record annual revenue that exceeded analysts' expectations on strong growth in all its regions on Thursday. Elekta (EKTAb.ST) jumped 7.7%, to the top of the STOXX 600 after positive third-quarter earnings. German chemicals giant BASF SE (BASFn.DE) fell 3.7% as it flagged a decline in annual earnings and said it plans to cut 2,600 jobs and halt buybacks.
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