News

Hannes Snellman Advises Glaston Corporation in Its Acquisition of Bystronic Glass and in the Refinancing of Glaston

4 February 2019

On January 25, 2019, Glaston Corporation announced that it has entered into a stock purchase agreement with Conzzeta AG to acquire Conzzeta's glass business through the acquisition of Bystronic Maschinen AG and Bystronic Lenhardt GmbH as well as their subsidiaries for an enterprise value of EUR 68 million. Glaston has secured debt financing, subject to customary conditions, and equity financing, subject to Glaston's extraordinary general meeting authorizing its board of directors to resolve on the issuance of new shares for the financing of the transaction.

Hannes Snellman’s team included Mikko Heinonen, Markus Bremer, Anniina Järvinen, Emmi Kantola and Janne Veneranta.