Aspo's ESL Shipping to sell its share in the insurance company Alandia
(Thomson Reuters ONE) -
ASPO Plc STOCK EXCHANGE RELEASE March 13, 2015 at 16:10
ASPO'S ESL SHIPPING TO SELL ITS SHARE IN THE INSURANCE COMPANY ALANDIA
ESL Shipping Ltd, part of Aspo Group, has held approximately 3.5 % of the shares
in the insurance company Försäkringsaktiebolaget Alandia. Today on March
13, 2015, ESL Shipping has sold its shares in Alandia to Bore Ltd, part of
Rettig Group.
The deal will result in a non-recurring gain of approximately EUR 4.9 million
for Aspo. The parties will not disclose the transaction price.
ESL Shipping is the leading dry bulk cargo company in the Baltic Sea region. In
2014, the volume of cargo carried by ESL Shipping amounted to approximately
12.1 million tons. The company's fleet consists of 14 vessels, 13 fully-owned
and one leased.
ASPO Plc
Aki Ojanen
CEO
For further information, please contact:
Arto Meitsalo, CFO, Aspo Plc, +358 9 5211 or +358 40 5511422, arto.meitsalo
(a)aspo.com
www.aspo.com
Aspo is a conglomerate that owns and develops business operations in the
Northern Europe and growth markets focusing on demanding B-to-B customers. Our
strong company brands - ESL Shipping, Leipurin, Telko and Kaukomarkkinat - aim
to be the market leaders in their sectors. They are responsible for their own
operations, customer relationships, and the development of these. Together they
generate Aspo's goodwill. Aspo's Group structure and business operations are
continually developed without any predefined schedules. www.aspo.com
DISTRIBUTION:
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www.aspo.com
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Source: Aspo Oyj via GlobeNewswire
[HUG#1903462]
Unternehmensinformation / Kurzprofil:
Datum: 13.03.2015 - 15:10 Uhr
Sprache: Deutsch
News-ID 378360
Anzahl Zeichen: 2340
contact information:
Town:
Helsinki
Kategorie:
Business News
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"Aspo's ESL Shipping to sell its share in the insurance company Alandia"
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