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2009-11-02 11:20:00 CET 2009-11-02 11:20:42 CET REGULATED INFORMATION Nurminen Logistics Oyj - Company AnnouncementNurminen Logistics sold its logistics properties to Ilmarinen as part of financing arrangementNurminen Logistics Plc Stock Exchange Release 2 November 2009 at 12.20 pm Nurminen Logistics sold its logistics properties to Ilmarinen Mutual Pension Insurance Company as part of financing arrangement Nurminen Logistics Plc has sold its properties in Kotka, Luumäki, Vainikkala, Niirala and Jyväskylä to Ilmarinen Mutual Pension Insurance Company. The selling price is approximately EUR 15 million. Nurminen Logistics Plc continues its operations as a leaseholder in the above mentioned properties on a ten-year lease agreement. Nurminen Logistics Plc has committed to repurchase the properties from Ilmarinen after the term of lease agreement. The arrangement has no material impact on the company's result. The arrangement will be recorded as property sale. The leaseback will be treated as financial lease. NURMINEN LOGISTICS PLC Lasse Paitsola President and CEO Further information: Mr Antti Sallila, CFO Tel. +358 10 545 2598 DISTRIBUTION NASDAQ OMX Helsinki Major Media www.nurminenlogistics.com Nurminen Logistics Plc Nurminen Logistics provides high-quality logistics services, such as railway transports, terminal services, forwarding and special and heavy transports. 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 CIS countries. The company's share is listed on NASDAQ OMX Helsinki. Ilmarinen Mutual Pension Insurance Company Ilmarinen is a mutual pension insurance company which specializes in earnings-related pension insurance. The value of its property investments is about EUR 2.2 billion and they total 860,000 square metres in area. Ilmarinen's property investments cover over 4,400 dwellings and about 65 commercial, office, warehouse and other properties. A significant number of the company properties are located in the metropolitan area and in key locations in other growth centres. |
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