GRIGISKES AB signed an agreement of transferring of a part of activities (wood fiber board manufacture) to a subsidiary

Grigiskes AB 

02.01.2012 15:07
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Vilnius, Lithuania, 2012-01-02 15:07 CET (GLOBE NEWSWIRE) -- Implementing the
decision of December 1, 2011 of the Board of GRIGISKES AB to transfer one of
segments of GRIGISKES AB activities - the production of wood fiber board - to
100% owned subsidiary Baltwood UAB, in exchange for newly issued shares of the
company, on December 31, 2011 GRIGISKES AB and Baltwood UAB signed an agreement
of transferring of the part of activities. 

As it was mentioned, the Board of GRIGISKES AB believes that the fact of
transferring of the part of activities of GRIGISKES AB will not have
significant impact on financial indicators of the Group of GRIGISKES AB. 


         Gintautas Pangonis
         General Director
         (+370-5) 243 58 01
News Source: NASDAQ OMX



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Language:     English
Company:      Grigiskes AB
              
               
              Lithuania
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         LT0000102030
WKN:          
 
End of Announcement                             DGAP News-Service
 
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