INDUSTRIAL company Plate Glass and Shatterprufe Industries Ltd (PGSI) confirmed on Friday that a joint venture of two Belgian firms has offered to buy the company in a deal valuing it at R2,1-billion. The company said in a statement that the offer for 100% of its shares has been made by a joint venture comprising car importer D’Ieteren and investment bank Cobepa. PGSI’s majority shareholder, South African Breweries Plc, said that if the negotiations are concluded and all the necessary agreements entered into, it willd agree to vote in favour of the scheme in respect of its 68% stake in PGSI. The offer is subject to regulatory and shareholder approval.