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2007-11-28 13:30:58 CET 2007-11-28 13:30:58 CET REGULATED INFORMATION Glaston Oyj Abp - Company AnnouncementGlaston sells real estateGlaston Corporation Stock Exchange Release 28 November 2007 at 2:30 p.m. Glaston sells real estate Glaston Corporation has completed the sale of 90 items of real estate to Soft-Invest Oy. With the total value of the sold real estate amounting to EUR 2,900,000, Glaston will record non-recurring gains of EUR 2,750,000 (before taxes) for the sale. The divested real estate includes land, gravel areas and forest ranges in Hämeenkyrö, Ikaalinen, Parkano, Jämijärvi and Ylöjärvi. In June 2007, Glaston's Board of Directors decided to divest non-core fixed assets as part of the firm's restructuring and the related financing."While this divestment involved Glaston's major land areas, the Group still owns individual items of real estate unrelated to its core operations, and we estimate that they will be sold during 2008 at the latest," states Kimmo Lautanen, Glaston's CFO. Tampere, 28 November 2007 Glaston Corporation Agneta Selroos IR & Corporate Communications Manager For further information, please contact: Kimmo Lautanen, CFO, Glaston Corporation, tel. +358 10 500 500 Glaston Corporation Glaston Corporation (formerly Kyro) is a growing, financially solid and global glass technology group. As the leading supplier of glass processing machines in the world and a One-Stop-Partner for glass processors, Glaston's product range and service network are the most extensive in the industry. Glaston's well-known brands include the pre-processing machine and tools supplier Bavelloni, the safety glass machine suppliers Tamglass and Uniglass and the glass industry software Albat+Wirsam. The company's own glass processing unit, Tamglass Glass Processing, is a high-quality safety glass producer operating in Finland. Glaston's share (GLA1V) is quoted on the Mid Cap list of the OMX Nordic Exchange Helsinki. www.glaston.net |
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