Notification about intention of obtaining a company

Grigiskes AB / 

26.01.2010 

Dissemination of a Corporate News, transmitted by
DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this
announcement.

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'GRIGISKES', AB and 'HANNER', AB have signed a selling-purchasing
agreement on
obtaining of 100% shares of 'AGR Prekyba', UAB. After the terms of the
agreement are fulfilled and the authorization from the Competition Council
of
the Republic of Lithuania is received, ' GRIGISKES', AB will obtain 'AGR
Prekyba', UAB, that owns 100% shares of 'AVESKO', UAB. 'AVESKO', UAB owns
96,18% shares of 'KLAIPEDOS KARTONAS', AB. 
The objective of this transaction is to expand the business of corrugated
board
and products made of corrugated board of 'GRIGISKES', AB. 
'KLAIPEDOS KARTONAS', AB has invested a lot into renovation of the
equipment
while economy was growing, so now it produces high quality cardboard paper
products: testliner and fluting, that are the main materials used in
production
of corrugated board. Also in the year 2007, company has launched a new
product
- paper honeycomb, used in furniture industry. Company's turnover made LTL
110
mln. (EUR 31,9 mln.) in the year 2008 and LTL 123,3 mln. (EUR 35,7 mln.)
in the
year 2007. 
After the obtaining of 'KLAIPEDOS KARTONAS', AB, the Group of 'GRIGISKES',
AB
will obtain the full cycle business starting with production of the
cardboard
paper and finishing with production of the products made of corrugated
board.
The Group will be also augmented by OAO 'MENA PAK', subsidiary of
'KLAIPEDOS
KARTONAS', AB, that operates in Ukraine and produces packaging from
corrugated
board. 


Gintautas Pangonis
General Director
(+370-5) 243 58 01

News Source: NASDAQ OMX



26.01.2010  Ad hoc announcement, Financial News and Media Release
distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de

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