{"id":182,"date":"2016-04-22T07:28:49","date_gmt":"2016-04-22T07:28:49","guid":{"rendered":"http:\/\/blogs.isb.edu\/centre-for-family-enterprise\/?p=182"},"modified":"2025-12-31T09:44:05","modified_gmt":"2025-12-31T09:44:05","slug":"sika-board-limits-burkard-family-vote","status":"publish","type":"post","link":"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/2016\/04\/22\/sika-board-limits-burkard-family-vote\/","title":{"rendered":"Sika Board Limits Burkard Family Vote"},"content":{"rendered":"<div>\n<p>Sika AG was founded in 1910 by Kaspar Winkler. It is a specialty chemical company headquartered in Baar, Switzerland. Today the company has more than 17,000 employees, subsidiaries in 93 countries, and an annual sales turnover of CHF 5.49 billion (2015).<\/p>\n<p>Saint-Gobain, the French industrials group is seeking to acquire a controlling share stake in Sika from descendants of the founding Burkard family. However they are facing stiff resistance from the other shareholders and the management. Saint-Gobain has already struck the deal to buy the family stake for CHF 2.8 billion ($2.9 billion).<\/p>\n<p>Recently the board of this Swiss industrial giant has moved to limit the voting rights of the controlling Burkard family to 5%. Interestingly the family stake comprises 52% of the voting rights but just 16% of the share capital. Other large Sika shareholders opposing the deal include the Bill &amp; Melinda Gates Foundation Trust and Cascade Investment. Earlier in December of last year the Burkard family tried to unsuccessfully replace members of the management team that opposed the deal.<\/p>\n<p><i>Source: CampdenFB<\/i><\/p>\n<\/div>\n<p><i>\u00a0<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sika AG was founded in 1910 by Kaspar Winkler. It is a specialty chemical company headquartered in Baar, Switzerland. Today the company has more than 17,000 employees, subsidiaries in 93 countries, and an annual sales turnover of CHF 5.49 billion (2015). Saint-Gobain, the French industrials group is seeking to acquire a controlling share stake in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false},"categories":[2],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Sika Board Limits Burkard Family Vote - Thomas Schmidheiny Centre for Family Enterprise<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/2016\/04\/22\/sika-board-limits-burkard-family-vote\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sika Board Limits Burkard Family Vote - Thomas Schmidheiny Centre for Family Enterprise\" \/>\n<meta property=\"og:description\" content=\"Sika AG was founded in 1910 by Kaspar Winkler. 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