PPG Industries Inc
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Materials : Chemicals | Mid Cap Blend
Company profile

PPG Industries, Inc. manufactures and distributes a range of paints, coatings, and specialty materials. The Company operates through two segments: Performance Coatings and Industrial Coatings. The Performance Coatings segment primarily supplies a range of protective and decorative coatings, sealants and finishes along with pavement marking products, paint strippers, stains, and related chemicals, as well as transparencies and transparent armor. The Industrial Coatings segment primarily supplies a range of protective and decorative coatings and finishes along with adhesives, sealants, metal pretreatment products, optical monomers and coatings, low-friction coatings, precipitated silicas, and other specialty materials. Its Performance Coatings brands include PPG, GLIDDEN, COMEX, OLYMPIC, DULUX, SIGMA, HISTOR, SEIGNEURIE, PEINTURES GAUTHIER, and JOHNSTONE'S, among others. Its Industrial Coatings brands include PPG and TESLIN. It supplies its products to customers in an array of end-uses.

Closing Price
Day's Change
0.69 (0.52%)
B/A Size
Day's High
Day's Low
(Below Average)

10-day average volume:

Renault confirms plan to reshape alliance with Nissan

2:13 am ET January 30, 2023 (MarketWatch)

By Adria Calatayud

Renault SA said Monday that it and Nissan Motor Co. have reached a milestone in their talks over a reshaping of their 20-year-old alliance, which would involve the European car maker transferring 28.4% of shares in its Japanese partner into a French trust.

Nissan would invest in Renault's electric-vehicle business Ampere, the French company said.

Renault said it and Nissan would retain a 15% cross-shareholding and be able to freely exercise the voting rights attached to their direct shareholding, with a 15% cap. As a result, Renault said it would transfer 28.4% of Nissan shares into a French trust, where the voting rights would be neutralized for most of the decisions it would still receive economic benefits such as dividends and shares' sale proceeds until such shares are sold.

Renault said it would instruct the trustee to sell the Nissan shares if commercially reasonable, but that it would have no obligation.

The agreements are being finalized and the transaction remains subject to the approval of the companies' boards of directors, Renault said.

The Wall Street Journal reported last week that Renault and Nissan were nearing a deal to shake up their alliance.

Write to Adria Calatayud at adria.calatayud@dowjones.com

-Adria Calatayud


(END) Dow Jones Newswires

January 30, 2023 02:13 ET (07:13 GMT)

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