In both proceedings, the principal issue is whether the transfer restriction as set forth in Sika's articles of association applies to the intended sale by the family Burkard of their stake in Sika (mostly registered shares) to Saint-Gobain. Art. 4 of the articles of association forbids the sale of more than 5% of Sika's registered shares without the approval by the Board.

Sika remains convinced that the absorption of Sika by a large conglomerate, which in addition is a global competitor in mortars, lacks any industrial logic because of the fundamental conflicts of interest and the unrealistic synergy expectations. Therefore this transaction is not in the interest of Sika and continues to be opposed by all stakeholders.

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