Russian Investment Offers Growth Potential

The Glaverbel Group is to become the first international flat glass manufacturer to invest in Russia as part of plans to acquire a strategic position in a market with high growth potential. The glassmaker is hoping to acquire 75% of the shares in Russia's leading flat glass producer, Bor Glassworks. A deal has been negotiated through Alfa Capital, the Russian investment company acting on behalf or Bor. The final stakeholding is expected to be made up of existing shares and others from a new share issue.