March 21, 2018 / 6:35 PM / a month ago

Saint-Gobain CEO expects resolution of Sika case by end of year

PARIS (Reuters) - French glass-maker Saint-Gobain (SGOB.PA) expects a resolution of its long-standing takeover battle for Switzerland’s Sika (SIK.S) by the end of the year, its chief executive said on Wednesday.

FILE PHOTO: Pierre-Andre de Chalendar, Chairman and Chief Executive Officer of Saint-Gobain, visits the LOOK pavilion, a tribute to Saint-Gobain's tradition of glassmaking, as he presents the "Future Sensations" exhibition at the Place de la Concorde, an event to mark the French company's 350th anniversary in Paris, France, October 14, 2015. REUTERS/Benoit Tessier

“I’m absolutely confident that things will go well,” Pierre-Andre de Chalendar told BFM Business TV channel.

Sika’s board has opposed the family shareholders’ plan to sell their controlling stake to Saint-Gobain. A court ruling in the bitter fight is expected in the next few weeks.

    Reporting by Gilles Guillaume, writing by Michel Rose; editing by John Irish

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