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Vitro receives notice of put option exerciseVitro receives notice of put option exercise concerning shares of Vitro Cristalglass Vitro, S.A.B. de C.V. announced that its subsidiary Viméxico, S.A. de C.V. has been notified by the Prado Family members and Invergar Participaciones Inmobiliarias, S.L., that they are exercising their right and option to sale their 40 percent stake in the European joint venture Vitro Cristalglass, S.L. (Vitro Cristalglass). Consistent with the terms of such notice, Viméxico is analyzing the alternatives to acquire these shares with due date September 10, 2008 in an estimated amount of $31 million Euros. The commitment, which is described on our 20-F, is consistent with the terms established in the purchase agreement signed in May of 2001 when Vitro acquired 60 percent of the European company. Vitro Cristalglass is part of Vitro’s Flat Glass business unit and is the industry leader in the manufacturing, distribution and marketing of specialty glass for the construction industry in Spain and Portugal. It is also currently participating in the French construction industry with its subsidiary Vitro Cristaglass France. 24.07.2008, Vitro, S.A. de C.V. News material on the Site is copyright and belongs to the Company or to its third party news provider, and all rights are reserved. Any User who accesses such material may do so only for its own personal use, and the use of such material is at the sole risk of the User. Redistribution or other commercial exploitation of such news material is expressly prohibited. Where such news material is provided by a third party, each User agrees to observe and be bound by the specific terms of use applying to such news material. We do not represent or endorse the accuracy or reliability of any of the info contained in any news or external websites referred to in the news.
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