At the request of the Hellenic Capital Market Committee, Frigoglass today further clarifies financial disclosure relating to the acquisition of SFA Sogutma Sanayi Ic Dis Ticaret A.S.
Frigoglass informs the investor community that in Note 23 of the Annual Financial Statements dated 31/12/2008 as well as of the Interim Financial Statements dated 31/03/09 and 30/06/09, the line «Goodwill arising on Acquisition» amounting to €16,427 thousand within the table refers to the goodwill recognized in the Consolidated Financial Statements. This amount equals the difference between the fair value of net assets acquired, being €(1,431) thousand, and the total acquisition cost of €14,996 thousand.
As a result, the fair value of net assets acquired amounts to €(1,431) thousand, while the Consolidated net assets were increased by €14,996 thousand after the acquisition of SFA.
The above information does not affect the financial position and performance of the company.
INQUIRIES Company Contacts Lillian Phillips
Polina Atmatsiadi
Investor Relations Manager
Investor Relations Analyst
Tel: +30 210 6165757
Tel: +30 210 6165767
E-mail: lphillips@frigoglass.com
E-mail: patmatsiadi@frigoglass.com
European Contact Greg Quine Financial Dynamics London Tel: +44 207 269 7206 E-mail: greg.quine@fd.com
2 September 2009