Pöyry continues to sharpen its focus and sells shares in South Korean operation
(Thomson Reuters ONE) -
PÖYRY PLC Press Release 22 July 2015 at 9:00 am (EEST)
Pöyry continues to sharpen its focus and sells shares in South Korean operation
Pöyry has sold all of its shares in Korea District Heating Engineering Co Ltd
Ltd (KDHEC), an engineering and consulting services company based in Seoul,
South Korea. All shares held by Pöyry Finland Oy, amounting to 50% of shares in
the company, have been sold to KEPS Calista Private Equity Fund. Calista is a
wholly owned subsidiary of KEPS Co Ltd, a Korean energy engineering consulting
company.
The transaction is in direct alignment with Pöyry's focused strategy, where
Pöyry is developing its services in key domestic markets, as well as
strengthening its global competences in energy, industry and management
consulting.
The Parties have agreed not to disclose the transaction price.
The company records a gain on sale of approximately 6 million euros, which is
included in financial income and expenses.
For further information, contact:
Jukka Pahta
CFO
Tel. +358 10 33 26088
Pöyry is an international consulting and engineering company. We serve clients
globally across the energy and industrial sectors and provide local services in
our core markets. We deliver management consulting and engineering services,
underpinned by strong project implementation capability and expertise. Our focus
sectors are power generation, transmission & distribution, forest industry,
chemicals & biorefining, mining & metals, transportation and water. Pöyry has an
extensive local office network employing about 6,000 experts. Pöyry's net sales
in 2014 were EUR 571 million and the company's shares are quoted on NASDAQ OMX
Helsinki (Pöyry PLC: POY1V).
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Pöyry Oyj via GlobeNewswire
[HUG#1940251]
Unternehmensinformation / Kurzprofil:
Datum: 22.07.2015 - 08:00 Uhr
Sprache: Deutsch
News-ID 408331
Anzahl Zeichen: 2458
contact information:
Town:
Vantaa
Kategorie:
Business News
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