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2009-12-09 11:30:00 CET 2009-12-09 11:31:23 CET REGULATED INFORMATION Oriola-KD Oyj - Company AnnouncementPartial demerger of Oriola-KD Corporation's subsidiary Oriola Oy and nominations in the Oriola-KD GroupOriola-KD Corporation Stock Exchange Release 9 December 2009 at 12.30 pm In the partial demerger of Oriola-KD Corporation's subsidiary Oriola Oy which will be implemented on 1 January 2010, the Nordic Healthcare Trade business of Oriola Oy, including all related assets and liabilities will be transferred to Oriola-KD Healthcare Oy, a company to be established. The Pharmaceutical Trade business and all other assets and liabilities of Oriola Oy will remain in Oriola Oy. Oriola Oy and Oriola-KD Healthcare Oy are fully owned subsidiaries of Oriola-KD Corporation. The partial demerger will clarify the Group structure and enhance the opportunities to develop the Pharmaceutical Wholesale and Healthcare Trade businesses in Finland. In connection with the partial demerger, the Vice President of Oriola-KD Group's Pharmaceutical Trade Finland and member of Oriola-KD Group's Management Team, Mr. Jukka Niemi will as of 1 January 2010 be appointed to the position of Managing Director of Oriola Oy in addition to his current responsibilities. The Vice President of Oriola-KD Group's Healthcare Trade and member of Oriola-KD Group's Management Team, Mr. Ilari Vaalavirta will as of 1 January 2010 be appointed to the position of Managing Director of Oriola-KD Healthcare Oy in addition to his current responsibilities. Mr. Jukka Niemi and Mr. Ilari Vaalavirta will report to Oriola-KD Corporation's President and CEO, Eero Hautaniemi. 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 |
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