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Frigoglass announces agreement for divestment of its Glass Operations

Athens, May 22, 2015 – Following an extensive strategic review process, Frigoglass SAIC announced today that it has entered into an agreement to sell its Glass Operations to GZI Mauritius Limited (“GZI”). GZI is the holding company of GZ Industries Limited, the largest beverage can manufacturer in West Africa with manufacturing operations in Nigeria, which is now expanding into Kenya. GZI’s shareholders led by Standard Chartered Private Equity have been pivotal in this transaction.

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