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2010-08-03 11:15:00 CEST 2010-08-03 11:15:01 CEST REGULATED INFORMATION Neomarkka - Company AnnouncementNEOMARKKA'S LOI TO PURCHASE SPECIALTY CELLULOSE FIBRE PRODUCTION FACILITIES ACCEPTEDNEOMARKKA PLC STOCK EXCHANGE RELEASE 3 August 2010 at 12.15 NEOMARKKA'S LOI TO PURCHASE SPECIALTY CELLULOSE FIBRE PRODUCTION FACILITIES ACCEPTED The creditors meeting of former Kuitu Finland Ltd's estate of bankruptcy has approved the Letter of Intent signed by Neomarkka plc, Kuitu Finland Ltd's estate of bankruptcy and Pension Fund of Säteri Ltd on July 6, 2010 regarding the sale of former production facilities of Kuitu Finland in Valkeakoski. Creditors' approval was a prerequisite for the negotiations to continue and means that during August 2010 the parties will finalise the negotiations on the purchase. Neomarkka has been in a leading role in a group that aims to restart the production of specialty cellulose fiber in Valkeakoski. Neomarkka will inform about the details of the investment when the negotiations are finalised. Restarting the factory will bring about 200 jobs in Valkeakoski. The focus on the production would be on fire-retardant fiber technology needed in materials used in textiles for interior decorations, vehicles and protective clothing. Market research indicates that demand in fire retardant fiber is rising especially in United States. NEOMARKKA PLC Markku E. Rentto Managing Director Further information Markku E. Rentto, MD, tel. +358 20 720 9191 www.neomarkka.fi Neomarkka Plc's strategy is to invest mainly in industrial companies with similar synergic benefits. The aim of investments is with active ownership to develop the purchased companies and establish additional value. Returns are sought both through dividend flow and an increase in value. Neomarkka's B shares are listed on the NASDAQ OMX Helsinki main market. |
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