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Raisio’s Southall industrial property transferred to the new owner

Raisio plc, Stock Exchange Release, 9 June 2017

RAISIO’S SOUTHALL INDUSTRIAL PROPERTY TRANSFERRED TO THE NEW OWNER

Raisio Group’s Southall industrial property near London was transferred to the ownership of Galliard Homes Ltd as the company paid the remaining 90 per cent of the purchase price of approximately EUR 40 million on 9 June 2017. Galliard Homes had paid 10 per cent of the purchase price as an advance payment in April 2017. The buyer paid the whole purchase price of GBP 34.2 million in GBP. Southall is one of the most important urban development areas in London.

In its interim financial statements for January-June 2017, Raisio will write down intangible rights, such as goodwill, of some EUR 29 million on the consolidated balance sheet recorded for previous UK acquisitions. This corresponds to capital gains derived from the sale of the industrial property before taxes. Capital gain resulting from the deal will be taxed in the UK at 19 per cent tax rate. The deal has no effect on Raisio’s EBIT.

RAISIO PLC

Heidi Hirvonen
Communications and IR Manager
tel. +358 50 567 3060

Further information:
Jarmo Puputti, CEO, tel. +358 50 352 8740
Antti Elevuori, CFO, tel. +358 40 560 4148  

 

Raisio plc

Raisio plc is an international specialist in plant-based nutrition. Raisio’s operations are divided into two divisions: Brands and Raisioagro. The Group’s key market areas are Finland, Great Britain, the Czech Republic, Russia and Poland. Markets for cholesterol lowering Benecol products are global. Raisio plc’s shares are listed on Nasdaq Helsinki Ltd. In 2016, the Group's net sales totalled EUR 436 million and comparable EBIT was EUR 50.7 million. The Group employs some 1,400 people. Raisio’s best-known brands are Benecol, Benemilk, Elovena, Fox’s and Poppets. Benemilk feeds for milk production and Benecol for cholesterol lowering are Raisio’s top innovations. For more information on Raisio go to www.raisio.com/en

 

 

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