F.G. EUROPE S.A.
From January 1, 2008, F.G. EUROPE S.A. becomes the distributor of FUJITSU GENERAL Ltd. in the Turkish Market
After the successful completion of the negotiations and within the framework of its strategic development and expansion in the markets abroad the management of F.G. EUROPE S.A. announces that, from January 1, 2008 FG. EUROPE becomes the distributor of FUJITSU, GENERAL and FUJI ELECTRIC brand names in the market of Turkey.
This agreement is considered important for the Company because of the size and growth rates of the Turkish Market.
Following this agreement F.G. EUROPE S.A. will be the exclusive distributor of FUJITSU GENERAL Ltd products in Greece, Italy, Bulgaria, Serbia, Montenegro, Albania, FYROM, Romania and Turkey.
Furthermore, the management of F.G. EUROPE S.A. discloses that:
It negotiates the purchase of a Romanian company with strong presence in the field of air conditioners distribution.
It negotiates the improvement of its position on the Italian market through a participation. Details concerning the outcome of the negotiations will disclosed at due time.
This agreement is considered important for the Company because of the size and growth rates of the Turkish Market.
Following this agreement F.G. EUROPE S.A. will be the exclusive distributor of FUJITSU GENERAL Ltd products in Greece, Italy, Bulgaria, Serbia, Montenegro, Albania, FYROM, Romania and Turkey.
Furthermore, the management of F.G. EUROPE S.A. discloses that:
It negotiates the purchase of a Romanian company with strong presence in the field of air conditioners distribution.
It negotiates the improvement of its position on the Italian market through a participation. Details concerning the outcome of the negotiations will disclosed at due time.