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2009-08-26 15:45:41 CEST 2009-08-26 15:46:45 CEST REGULATED INFORMATION Aspo - Company AnnouncementASPO TO DIVEST TELKO'S TERMINAL SERVICES IN HAMINAASPO Plc STOCK EXCHANGE BULLETIN August 26, 2009 at 4:45 p.m. Telko, part of Aspo Group, will divest the business operations of the Hamina-based Hamina Terminal Services Ltd to North European Oil Trade Ltd (NEOT) under a deed of sale signed today, August 26, 2009. The cash flow from the transaction before tax will be approximately EUR 11 million, and the sales gain to be booked in the third quarter result is expected to be EUR 3.2 million. As a result of the deal, goodwill in Telko will be dissolved. The transaction will be completed on August 31, 2009. The operations in Hamina were transferred to Aspo in a corporate acquisition carried out in 2008. The terminal operations have mainly focused on logistics services concerning liquid chemical products originating from Russia. The business of the Hamina Terminal involves terminal storage and related services provided for external customers. After the divestment of the Hamina Terminal, Telko will still have the Rauma Terminal in Finland, which operates as a terminal for industrial raw materials forwarded by Telko."The divestment of the terminal business is part of Telko's strategy of focusing on the main business, and this clarifies the structure of the company. In its operations, Telko focuses on providing customers with added value through expertise and services as well as on supplying raw materials in the chemical and plastics industry sectors. The characteristics of Hamina Terminal Services deviate from Telko's core business. The terminal is an excellent strategic target for the buyer," says Aki Ojanen, CEO of Aspo Plc. ASPO Plc Aki Ojanen CEO For more information: CEO Aki Ojanen, Aspo Plc, +358 9 521 4010, +358 400 106 592 aki.ojanen@aspo.fi DISTRIBUTION: NASDAQ OMX Helsinki Key media www.aspo.com Aspo on monialayhtiö, joka omistaa ja kehittää liiketoimintoja Itämeren alueella keskittyen vaativiin B-to-B -asiakkaisiin. Vahvojen yritysbrändiemme, ESL Shipping, Leipurin, Telko ja Kaukomarkkinat, tavoitteena on olla toimialojensa markkinajohtajia. Ne vastaavat omasta toiminnastaan, asiakassuhteistaan ja niiden kehittämisestä. Kokonaisuutena ne tuottavat Aspon liikearvon. Aspon konsernirakennetta ja liiketoimintoja kehitetään pitkäjänteisesti ilman ennalta määriteltyä aikataulua. |
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