|
|||
2010-10-28 09:00:00 CEST 2010-10-28 09:00:47 CEST REGULATED INFORMATION Oriola-KD Oyj - Company AnnouncementOriola-KD has sold its Dental Trade business to LifcoOriola-KD Corporation Stock Exchange Release 28 October 2010 at 10.00 a.m. On 28 October 2010 Oriola-KD sold its Dental Trade business, the minority holding of 30 per cent in Lifco Dental International AB, to Lifco AB. Lifco is paying approximately EUR 69 million in cash for Oriola-KD's minority holding. Oriola-KD will recognise a profit of some EUR 37 million from the transaction in the fourth quarter of 2010. The sale of the Dental Trade business supports Oriola-KD's strategy to focus on pharmaceutical retail and wholesale businesses. The Dental Trade businesses of Oriola-KD and Lifco AB were combined in 2007. Lifco AB's ownership of Lifco Dental International AB after this transaction is 100 per cent. Oriola-KD will report the Dental Trade figures under discontinued operations in the 2010 financial statements. Oriola-KD Corporation Eero Hautaniemi President and CEO Kimmo Virtanen Executive Vice President and CFO Further information: Kimmo Virtanen Executive Vice President and CFO tel. +358 (0)10 429 2069 e-mail: kimmo.virtanen@oriola-kd.com Pellervo Hämäläinen Vice President, Communications and Investor Relations tel. +358 (0)10 429 2497 e-mail: pellervo.hamalainen@oriola-kd.com Distribution NASDAQ OMX Helsinki Ltd Principal media Published by: Oriola-KD Corporation Corporate Communications Orionintie 5 FI-02200 Espoo, Finland www.oriola-kd.com [HUG#1456410] |
|||
|