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0IXQ Grigeo Ab

1.36
0.00 (0.00%)
01 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Grigeo Ab LSE:0IXQ London Ordinary Share LT0000102030 GRIGEO ORD SHS
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1.36 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Pulp Mills 195.35M 25.31M 0.1926 7.06 178.7M

Grigeo AB Group acquires a tissue paper mill in Poland

28/03/2024 10:46am

UK Regulatory


Grigeo Ab (LSE:0IXQ)
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Grigeo AB Group acquires a tissue paper mill in Poland

28 March 2024 Grigeo AB Group of Companies has successfully completed the acquisition of one of the mills of Głuchołaskie Zakłady Papiernicze sp. z o.o  (hereafter – GZP), a Polish producer of tissue paper and paperboard.

In compliance with the terms of the preliminary agreement, Grigeo Hygiene UAB, controlled by Grigeo AB, acquired 100 % of the shares of a GZP's subsidiary Niedomickie Zakłady Papiernicze sp. z o.o, which is the operator of a tissue paper business in Niedomice, Poland. The acquisition was financed from funds raised by Grigeo AB.

Based on unaudited data, the annual turnover of the GZP’s division in Niedomice for 2023 was EUR 40 million, the estimated enterprise value is EUR 22 million.

A press release is attached to the notice.

Tomas Jozonis
Chief Executive Officer
+370 5 243 58 01

Attachment

  • 2024.03.28 Grigeo press release.pdf

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