Greece's Frigoglass to buy Dubai glass maker

Date: 20 April 2011
Source: www.reuters.com

Date: 20 April 2011

Greece's Frigoglass (FRIr.AT), the world's biggest drink refrigerator equipment maker, agreed to buy an 80 percent stake in a glass bottle maker in the United Arab Emirates for $6.8 million, the group said on Tuesday.

Frigoglass said the acquisition of Dubai-based Jebel Ali would allow it to expand into a growing world glass container market valued at about $27 billion.

Frigoglass said it will also assume net debt of $23 million. It said the deal was expected to be financed through borrowing. (Reporting by Angeliki Koutantou; Editing by David Holmes)
600450 Greece's Frigoglass to buy Dubai glass maker glassonweb.com

See more news about:

Others also read

MORE...

Solar Photovoltaic (PV) Power Market - Global Solar Photovoltaic Market Will Sustain its Growth Momentum
DALLAS, Texas, December 22, 2011 /PRNewswire/ --ReportsnReports adds new market research report 'Solar Photovoltaic (PV) Power - Global Market Size, Installation Prices, Module Market Shares, Market Segmentation, Regulations and Key Country Analysis to 2020' to its store.
New Product Allows Building Windows to Become "Solar Farms"
Proprietary laminate windows collect, store energy; convert it to electricityRIVIERA BEACH, FL – An innovative new patented technology transforms office building windows into "solar farms" and allows these structures to reuse collected energy and become self-sufficient in the event of a power outage.
Historically-styled windows contribute to modern comforts, architectural integrity, sustainability of U of MN Folwell Hall renovation
The University of Minnesota's historic Folwell Hall completed three years of extensive renovation, just time for the 2011 academic year.
AAMA Corporate Membership Renewal Process Opens, Recruitment Incentive Program Added
The renewal process for AAMA Corporate Members is now open. AAMA Corporate Membership is available to businesses involved in the manufacture, sale or service of fenestration products and is renewed on an annual basis.
Smart Hotel Bathroom Interiors
Today designers and architects are looking to the hotel bathroom as the new frontier of the guestroom, turning what has long been a mostly functional space into a haven and means of escape.
Glassman Glass Machinery has gained delightful harvest over 12 days after ZAK Glass Technology Exhibition during 8-11 December 2011, in Mumbai, India.
Glassman as one of the largest glass processing machine manufactures in the world presented ZAK Glass Technology Exhibition during 8-11 December 2011, in Mumbai, India.

Add new comment