Athens, June 19, 2017 – Frigoglass S.A.I.C. (“Frigoglass” or the “Company” and, together with its consolidated subsidiaries, the “Group”) announces today that its subsidiary, Frigoglass Finance B.V. (the “Issuer”), issued a practice statement letter (the “Practice Statement Letter”) in order to propose a scheme of arrangement (the “Scheme”) pursuant to Part 26 of the Companies Act 2006 to the holders of the Issuer’s €250,000,000 8.25% Senior Notes due 2018 (the “Notes”). The Practice Statement Letter…