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Joint venture Interpane Glass Oy sold to Rakla

Post Time:Apr 09,2010Classify:Industry NewsView:103

Finland-based Glaston's joint venture, the glass processing company Interpane Glass Oy, hastoday been sold to Rakla Finland Oy, according to an April 9 release Interpane Glass Oy began its operations on April 1,2009, and was owned jointly by A A A Glass & Design Finland Oy and a subsidiary of Glaston Corp. The shareholders of Interpane Glass have agreed on rearranging their ownership, and as a result of the agreement 100percentof the shares in Interpane Glass Oy were sold to Rakla Finland Oy. After the rearrangement transaction, Glaston still holds a Eur 4 million [$5.3 million] secured loan receivable in Interpane Glass Oy.

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