EU sets new inquiry deadline in Saint-Gobain deal

01/17/2008 | Forbes

Paris-based building materials supplier Saint-Gobain has until Feb. 19 to submit notification to the European Union for its proposed purchase of HeidelbergCement's maxit industrial mortar unit. In November, the EU had declared Gobain's notification incomplete and asked for resubmission. The deal, which is reportedly valued at $3.1 billion, is expected to close by March, HeidelbergCement AG CEO Bernd Scheifele said.

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