JSC “Valmieras stikla šķiedra” informs that at 4th October 2013 completed the deal for purchase of P-D Interglas Technologies Ltd (United Kingdom).
Now being the affiliate of JSC “Valmieras stikla šķiedra” is the above mentioned company of fiber glass treatment renamed as Valmiera Glass UK Ltd.
We make known, that the payable sum of the purchase is EUR 10.001 Million, divided in two parts: EUR 6.0 Million by the stock transfer as asset of JSC “Valmieras stikla šķiedra” done at 4th October 2013, and the payment of EUR 4.001 Million being paid till 30th November 2014. The financing of the purchase deal is done with the participation of the bank with loan amount of 75% of purchase sum with the loan repayment in six years. As well as in the payable sum there are not included the EUR 3.0 Million for taking over the liabilities.
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