At that point Glaston believed that the sale would be completed during the first half of 2012.
As negotiations on the sale of the property continues the sale will not be completed during June 2012. Glaston believes that the sale will be completed by the end of 2012.
For further information, please contact:
Chief Financial Officer Tapio Engström, tel. +358 10 500 6419
GLASTON CORPORATION
Agneta Selroos
Director, Communications and Marketing
Glaston Corporation
Glaston Corporation is an international glass technology company and a pioneer in glass processing technology. Its product range and service network are the widest in the industry. Glaston's notable brands are Bavelloni in pre-processing machines and tools, Tamglass and Uniglass in safety glass machines, and Albat+Wirsam in glass industry software. Glaston's share (GLA1V) is listed on the NASDAQ OMX Helsinki Small Cap List.
Glaston's sale of its Tampere factory property continues
In January 2012, Glaston Corporation signed an undertaking on the sale and leaseback of its factory property complex located in Vehmainen, Tampere, Finland.