Sika AG: Takeover board initiates administrative proceeding

Sika has been informed that Schenker-Winkler Holding AG (SWH) has submitted a request to the Swiss Takeover Board. SWH requests that, the Takeover Board determines that the sale of the shares in SWH by the Burkard family to Saint-Gobain does not trigger a duty of Saint-Gobain to launch a public tender offer to the public shareholders of Sika AG. Sika AG will examine the request and proposals of SWH and will comment thereon in due course in the administrative proceeding.

The Board of Directors and Group Management defend the interests of all Sika stakeholders. These interests are seriously jeopardized by the hostile takeover bid. This is because Saint-Gobain wants to assume full control of the company with only 16 percent of the share capital, thus creating huge conflicts of interest which endanger the superior business model and successful growth strategy of Sika.

Sika is a specialty chemicals company with a leading position in the development and production of systems and products for bonding, sealing, damping, reinforcing and protecting in the building sector and the motor vehicle industry. Sika has subsidiaries in 90 countries around the world and manufactures in over 160 factories. Its approximately 17,000 employees generated annual sales of CHF 5.6 billion in 2014.