GLASTON CLOSES THE SALE OF ITS TAMPERE FACTORY PROPERTY

Glaston Corporation Stock Exchange Release 28 March 2013 at 15.45 p.m.

GLASTON CLOSES THE SALE OF ITS TAMPERE FACTORY PROPERTY


Glaston Corporation has today closed the sale and leaseback of its factory property complex located in Tampere, Finland as announced in a stock exchange release on 21 February 2013.

The buyer of the property complex is Tampereen Mummu ja Poika Oy through its wholly owned real estate companies. Tampereen Mummu and Poika Oy is a real estate group belonging to Lahtiset Yhtymä. The value of the sale is EUR 12.5 million, of which the estimated gain on the sale will be above EUR 3 million.

Glaston has signed a long term lease contract with Tampereen Mummu and Poika Oy and Glaston’s operations in Tampere Finland will continue without changes. The annual cost effect of the rent for Glaston will be approximately  EUR 1.1 million as of 1 April 2013.

 

For further information, please contact:
Arto Metsänen, CEO and President, Glaston Corporation, Tel. +358 10 500 500
Sasu Koivumäki, CFO, Glaston Corporation, Tel. +358 10 500 500

GLASTON CORPORATION
Agneta Selroos
Director, Communications and Marketing

Glaston Corporation
Glaston is a global company developing glass processing technology for architectural, solar, appliance and automotive applications. Our portfolio ranges from pre-processing and safety glass machines to services. We are dedicated to our customers’ continued success and provide services for all glass processing needs with a lifecycle-long commitment in mind. For more information, please visit www.glaston.net. Glaston's share (GLA1V) is listed on the NASDAQ OMX Helsinki Small Cap List.

Distribution: NASDAQ OMX, Helsinki, key media, www.glaston.net