|
|||
2010-06-22 08:30:00 CEST 2010-06-22 08:30:01 CEST REGULATED INFORMATION Lassila & Tikanoja - Company AnnouncementREORGANISATION OF THE BUSINESS OF LUBRICATING OIL RE-REFINING TO CONTINUE UNTIL AUTUMNLASSILA & TIKANOJA PLC STOCK EXCHANGE RELEASE 22 June 2010 9.30 am REORGANISATION OF THE BUSINESS OF LUBRICATING OIL RE-REFINING TO CONTINUE UNTIL AUTUMN On 29 April 2010, Lassila & Tikanoja plc announced that Lassila & Tikanoja and EcoStream Oy have signed a preliminary agreement on a business arrangement based on which Lassila & Tikanoja will sell its 50 percent holding in the joint venture L&T Recoil Oy to EcoStream, a co-owner. The time given to the transaction related to the preliminary agreement has been extended. The transaction is intended to be completed by the end of September 2010, on condition that, among others, the financing and the share issue needed by EcoStream for the transaction will be completed. LASSILA & TIKANOJA PLC Jari Sarjo President and CEO For additional information, please contact Jari Sarjo, President and CEO, tel. +358 10 636 2810 or Ville Rantala, CFO, tel. +358 50 385 1442. Lassila & Tikanoja specialises in environmental management and property and plant support services and is a leading supplier of wood-based biofuels, recovered fuels and recycled raw materials. With operations in Finland, Sweden, Latvia and Russia, L&T employs 8,700 persons. Net sales in 2009 amounted to EUR 582 million. L&T is listed on NASDAQ OMX Helsinki. Distribution: NASDAQ OMX Helsinki Major media www.lassila-tikanoja.com |
|||
|