SGS: talks with Bureau Veritas fail
(CercleFinance.com) - SGS shares are up 4% in Zurich this morning, as the testing, inspection and certification (TIC) services group confirmed that discussions with its French peer Bureau Veritas regarding a potential merger had failed and been terminated.
As a reminder, the two groups had announced these discussions on January 15, following press comments, while specifying that nothing guaranteed the conclusion of any transaction or agreement.
Note that the groups announced these discussions on 15 January, following press comments, while specifying that there was no guarantee that these discussions would result in any transaction or agreement.
In its short statement, SGS adds that it remains focused on the continued execution of strategy 27 - 'Accelerate growth, build trust', while delivering higher value to its shareholders.
Copyright (c) 2025 CercleFinance.com. All rights reserved.
As a reminder, the two groups had announced these discussions on January 15, following press comments, while specifying that nothing guaranteed the conclusion of any transaction or agreement.
Note that the groups announced these discussions on 15 January, following press comments, while specifying that there was no guarantee that these discussions would result in any transaction or agreement.
In its short statement, SGS adds that it remains focused on the continued execution of strategy 27 - 'Accelerate growth, build trust', while delivering higher value to its shareholders.
Copyright (c) 2025 CercleFinance.com. All rights reserved.