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...secret’ auction of housing loans (FT) TikTok to take over Indonesia’s Tokopedia in bid to overcome ecommerce rules (FT) Why Saudi Arabia and private equity have landed stakes in Heathrow (FT) France’s Saint-Gobain...
...Johnson & Johnson, Trane Technologies and a US unit of France-based Saint-Gobain took the same path as Georgia Pacific and deployed the “Texas two-step”, which was devised by law firm Jones Day....
...set a precedent and dissuade companies from using complex bankruptcy schemes to handle mass tort claims. 3M, Koch Industries subsidiary Georgia-Pacific, Trane Technologies and a US unit of France-based Saint-Gobain...
...J&J followed in the footsteps of Koch Industries subsidiary Georgia-Pacific, Trane Technologies and a US unit of France-based Saint-Gobain, which have all deployed the scheme....
...Several companies facing asbestos-related claims, including Georgia-Pacific, a US unit of France-based Saint-Gobain and Trane Technologies, have deployed the same “Texas two-step” bankruptcy scheme as J&...
...French cement group Saint-Gobain, Trane Technologies and J&J all followed when hit with a swath of asbestos-related tort cases....
...The main one used came from Celotex, a subsidiary of manufacturer Saint- Gobain, but a small portion of the facade used boards fabricated by Kingspan, an Irish company....
...J&J followed the examples set by Koch Industries’ Georgia-Pacific, the first to deploy the Texas two-step in 2017, Trane Technologies, and a US unit of France-based Saint-Gobain....
...In deploying the Texas two-step, J&J followed the examples set by Koch Industries’ Georgia Pacific, the first to deploy the mechanism in 2017; Trane Technologies; and a US unit of France-based Saint-Gobain...
...The bankruptcy court in Charlotte, North Carolina, has become a hub for large asbestos-related bankruptcies, including a recent filing by DBMP, an affiliate of Saint-Gobain....
...The firm has successfully marketed the Texas two-step to Koch Industries’ manufacturer Georgia-Pacific (which battled its own asbestos claims in 2017) as well as the US unit of France-based Saint-Gobain,...
...The broader message was pretty typical of the abrasive German tabloid press. But this image of a sinister-looking Mr Draghi felt more personal, angry and urgent....
...In 2015 it brought in France's state-backed investment fund, Bpifrance, when buying Saint Gobain's glass bottle unit....
...Saint Gobain Construction Products UK, which owns insulation maker Celotex, has paid the firm more than £1m since 2011....
...Saint Gobain, the French construction group, was also hit....
...Saint-Gobain, founded by Colbert, is today Europe’s largest distributor of glass and building materials by sales....
...It “should be effective before the end of the year,” said Saint-Gobain. Lazard was to sole adviser to Apollo on the deal....
...Within a year their heirs decided to sell; Saint Gobain, a French maker of construction materials, agreed to pay an 80 per cent premium to buy the family’s controlling stake....
...The price looks good for Saint-Gobain. North America accounts for about a third of Verallia’s revenues, which made up 9 per cent of Saint-Gobain’s 2011 group sales of €42bn....
...Companies have also had wrists smacked for use of swaps; LVMH this year for shenanigans at fellow luxury group Hermes; and Wendel for its 2007 swoop on cement maker Saint-Gobain....
...Saint-Gobain has been forced to postpone plans to spin off its historic bottle-making business because of turmoil in the financial markets....
...Three years ago, the Commission imposed fines totalling €1.4bn ($1.9bn) on Asahi, Pilkington, Saint-Gobain and Soliver, windscreen glass suppliers, for illegal market sharing and exchanging commercially...
...Elsewhere, French construction company Lafarge and manufacturer Saint-Gobain also surged, despite having their price targets cut sharply by JPMorgan....
...Non-financial “end users” of derivatives such as Siemens or Saint-Gobain would also be caught by US rules if they wanted to transact with the local subsidiary of a US bank....
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