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Aspocomp, Meadville Restructuring Deal Completed |
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Written by Philip Buonpastore
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Friday, 14 December 2007 |
Oulu, Finland -- Aspocomp announced that in accordance with a previously announcement agreement, the PCB maker transferred its shareholdings in its
subsidiaries in China and India to Meadville Aspocomp Holdings, and sold
80 percent in the holding company to Meadville for about 61 million euros.
The
company said it had also repaid its liability to Standard Chartered Bank and will use
remaining funds to partially repay its interest bearing liabilities in Finland, according to Isto Hantila, President and CEO.
Further
information can be found in company announcements published Nov. 8, 15, 16
and 23. |
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