FRIGOGLASS, in relation to its glass operations, announces the sale of its 25% participation in YOULA Glassworks S.A. to EVANIO HOLDINGS LTD and GLOBAL CAPITAL INVESTORS II L.P., the sale of its participation in Bulgarian glass factories (DRUJBA and STIND) to YOULA S.A. and finally the acquisition of the 8% owned by YOULA in the Nigerian glass operations, increasing its majority stake.For the above transactions FRIGOGLASS will receive GRD 11 billion net, realizing a capital gain of GRD 2.5 billion. FRIGOGLASS will use the proceeds to fund further expansion in its core business (coolers, packaging) as well as to finance its 2001 capital expenditure program.