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GRG: Notification about intention of obtaining a company

Spekuliantai.lt | 2010-01-26 | NASDAQ OMX biržų naujienos | perskaitė: 1998
Raktiniai žodžiai: Grigiskes, GRG
GRG: Notification about intention of obtaining a company

Grigiskes AB Notification on material event 26.01.2010

Notification about intention of obtaining a company

“GRIGISKES”, AB and “HANNER”, AB have signed a selling-purchasing agreement on
obtaining of 100% shares of „AGR Prekyba“, UAB. After the terms of the
agreement are fulfilled and the authorization from the Competition Council of
the Republic of Lithuania is received, „ GRIGISKES“, AB will obtain „AGR
Prekyba“, UAB, that owns 100% shares of „AVESKO“, UAB. „AVESKO“, UAB owns
96,18% shares of „KLAIPEDOS KARTONAS“, AB.
The objective of this transaction is to expand the business of corrugated board
and products made of corrugated board of “GRIGISKES”, AB.
„KLAIPEDOS KARTONAS“, AB has invested a lot into renovation of the equipment
while economy was growing, so now it produces high quality cardboard paper
products: testliner and fluting, that are the main materials used in production
of corrugated board. Also in the year 2007, company has launched a new product
- paper honeycomb, used in furniture industry. Company's turnover made LTL 110
mln. (EUR 31,9 mln.) in the year 2008 and LTL 123,3 mln. (EUR 35,7 mln.) in the
year 2007.
After the obtaining of „KLAIPEDOS KARTONAS“, AB, the Group of „GRIGISKES“, AB
will obtain the full cycle business starting with production of the cardboard
paper and finishing with production of the products made of corrugated board.
The Group will be also augmented by OAO „MENA PAK“, subsidiary of „KLAIPEDOS
KARTONAS“, AB, that operates in Ukraine and produces packaging from corrugated
board.


Gintautas Pangonis
General Director
(+370-5) 243 58 01

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