EOP Biodiesel AG has successfully closed the sale of its 61.5% stake in Austrian ABID Biotreibstoffe AG. The buyer is a financial investor, who specializes in restructuring of ailing industrial companies.Transaction price is €1, for which EOP will be exempted from its risks from its bank guarantees over €2.54m. EOP Biodiesel AG has already completely written off its investment in the financial year 2008/2009 as of 30 June 2009, which means that the current financial year is not negatively affected.
"With the sale of the ABID investment we got rid off a huge risk and we have achieved a further
"With the sale of the ABID investment we got rid off a huge risk and we have achieved a further
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