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2013-12-31 14:00:00 CET 2013-12-31 14:00:03 CET REGULATED INFORMATION Nurminen Logistics Oyj - Company AnnouncementNurminen Logistics to give up the 4PL businessThe company sells its 4PL business to the business' operative management Nurminen Logistics Plc Stock Exchange Release 31 December 2013 at 3.00 pm Today, Nurminen Logistics Plc signed a contract of sale concerning the divestment of its 4PL business to the business' operative management. The parties have agreed not to disclose the sale price. Three employees will transfer in connection with the transaction. The business transaction has no effect on Nurminen Logistics Plc's result. - Neutral Logistics Management, 4PL, has been part of Nurminen Logistics' Forwarding and Value Added Services business unit that will now focus on the provision of high-quality forwarding and cargo handling services to our customers. The 4PL business offers no synergy benefits for Nurminen Logistics' core business operations and for this reason, we made the decision to give up this business. In the future, we will concentrate on growing our strategic business operations and improving their profitability. The goal of our company is to strengthen our position in domestic railway transport in Russia and nearby countries, in rail transport between Finland and Russia as well as in special transport and project services, says Olli Pohjanvirta, President and CEO of Nurminen Logistics. Nurminen Logistics Plc Olli Pohjanvirta President and CEO For more information, please contact: Olli Pohjanvirta, President and CEO, tel. +358 10 545 2431 Janne Lehtimäki, Leafhill Solutions Oy, tel. +358 40 557 8363. DISTRIBUTION NASDAQ OMX Helsinki Major Media www.nurminenlogistics.com Nurminen Logistics provides high-quality logistics services, such as railway transports, terminal services, forwarding, special and heavy transport and value added services. The company has collected logistics know-how from three centuries, starting in 1886. Nurminen Logistics' main market areas are Finland, the Baltic Sea region, Russia and other Eastern European countries. The company's share is listed on NASDAQ OMX Helsinki. |
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