Brief: Frigoglass To Sell Frigoglass Eurasia, Exit Russia

Frigoglass SAIC

02/09/2025 06:23

Sept 2 (Reuters) - Frigoglass SAIC FRIr.AT:

ANNOUNCES SALE OF FRIGOLASS EURASIA SHARES

BUYER IS A STRATEGIC INVESTOR NOT SUBJECT TO SANCTIONS

DEAL IS SUBJECT TO NUMEROUS APPROVALS AND THERE CAN BE NO ASSURANCES THAT THE TRANSACTION WILL BE CONCLUDED ON SATISFACTORY TERMS OR AT ALL

PRICING WILL REFLECT MATERIAL RESTRICTIONS IMPOSED BY RUSSIAN REGULATION INCLUDING A MANDATORY 60% DISCOUNT AND EXIT TAXES PAYABLE BY THE BUYER

UPON COMPLETION FRIGOGLASS WILL FULLY EXIT RUSSIA

SUBJECT TO APPROVALS CLOSING IS TARGETED FOR Q4 2025

Further company coverage: [FRIr.AT]

 (Gdansk Newsroom)

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