Aspocomp, Meadville Restructuring Deal Completed
Published: 14 December 2007
by Staff
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.
