Further to its announcement of April 2nd, 2008, Frigoglass is delighted to announce that the acquisition of the controlling stake in SFA SOGUTMA SANAYI IC VE DIS TICARET A.S., the Turkish cooler manufacturer, has been approved by the local Competition Board and was formally completed today.
Frigoglass now owns 86% of the share capital of SFA, having paid a net consideration of ?51.2 million (including debt but excluding acquisitions costs).
INQUIRIES
Company Contacts
Lillian Phillips
Investor Relations Manager
Tel: +30 210 6165757
E-mail: lphillips@frigoglass.com
Polina Atmatsiadi
Investor Relations Analyst
Tel: +30 210 6165767
E-mail: patmatsiadi@frigoglass.com
European Contact
Greg Quine
Financial Dynamics London
Tel: +44 207 269 7206
E-mail: greg.quine@fd.com