Inapa completes sale of its U.K. paper merchant Tavistock Paper to Gerald Judd Sales

Kendall Sinclair

Kendall Sinclair

Mar 4, 2011 – Inapa

LISBON, Portugal , March 2, 2011 (press release) – Inapa - Investimentos, Participações e Gestão, SA (INAPA) has, pursuant to and for the purposes of article 248. of the Securities Exchange Commission Code, to communicate that on this date, it has sold to Gerald Judd Sales Limited 100% of its operation in the UK – Tavistock Paper Sales Ltd.

Until September 2010, Tavistock had sales of 5.5 million pounds, representing 0.9% of Inapa consolidated sales.

The transaction has a positive impact of 400 thousand Euros on Inapa consolidated financial statements of the first quarter of 2011.

This transaction is in line with Inapa 2010 strategic plan, finishing the process of concentration on Inapa strategic markets.

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.

Share:

About Us

We deliver market news & information relevant to your business.

We monitor all your market drivers.

We aggregate, curate, filter and map your specific needs.

We deliver the right information to the right person at the right time.

Our Contacts

1990 S Bundy Dr. Suite #380,
Los Angeles, CA 90025 795

+1 (310) 558 0008
+1 (310) 558 0080 (FAX)

About Cookies On This Site

We collect data, including through use of cookies and similar technology ("cookies") that enchance the online experience. By clicking "I agree", you agree to our cookies, agree to bound by our Terms of Use, and acknowledge our Privacy Policy. For more information on our data practices and how to exercise your privacy rights, please see our Privacy Policy.