ASPO TO DIVEST TELKO'S TERMINAL SERVICES IN HAMINA
(Thomson Reuters ONE) - ASPO Plc STOCK EXCHANGE BULLETIN August 26, 2009 at 4:45 p.m.Telko, part of Aspo Group, will divest the business operations of theHamina-based Hamina Terminal Services Ltd to North European Oil TradeLtd (NEOT) under a deed of sale signed today, August 26, 2009. Thecash flow from the transaction before tax will be approximately EUR11 million, and the sales gain to be booked in the third quarterresult is expected to be EUR 3.2 million. As a result of the deal,goodwill in Telko will be dissolved. The transaction will becompleted on August 31, 2009.The operations in Hamina were transferred to Aspo in a corporateacquisition carried out in 2008. The terminal operations have mainlyfocused on logistics services concerning liquid chemical productsoriginating from Russia. The business of the Hamina Terminal involvesterminal storage and related services provided for externalcustomers. After the divestment of the Hamina Terminal, Telko willstill have the Rauma Terminal in Finland, which operates as aterminal for industrial raw materials forwarded by Telko."The divestment of the terminal business is part of Telko's strategyof focusing on the main business, and this clarifies the structure ofthe company. In its operations, Telko focuses on providing customerswith added value through expertise and services as well as onsupplying raw materials in the chemical and plastics industrysectors. The characteristics of Hamina Terminal Services deviate fromTelko's core business. The terminal is an excellent strategic targetfor the buyer," says Aki Ojanen, CEO of Aspo Plc.ASPO PlcAki OjanenCEOFor more information:CEO Aki Ojanen, Aspo Plc, +358 9 521 4010, +358 400 106 592aki.ojanen(at)aspo.fiDISTRIBUTION:NASDAQ OMX HelsinkiKey mediawww.aspo.comAspo on monialayhtiö, joka omistaa ja kehittää liiketoimintojaItämeren alueella keskittyen vaativiin B-to-B -asiakkaisiin. Vahvojenyritysbrändiemme, ESL Shipping, Leipurin, Telko ja Kaukomarkkinat,tavoitteena on olla toimialojensa markkinajohtajia. Ne vastaavatomasta toiminnastaan, asiakassuhteistaan ja niiden kehittämisestä.Kokonaisuutena ne tuottavat Aspon liikearvon. Asponkonsernirakennetta ja liiketoimintoja kehitetään pitkäjänteisestiilman ennalta määriteltyä aikataulua.This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 26.08.2009 - 15:45 Uhr
Sprache: Deutsch
News-ID 5119
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