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2009-12-30 08:00:00 CET 2009-12-30 08:00:02 CET REGULATED INFORMATION Honkarakenne Oyj - Company AnnouncementHONKARAKENNE DIVESTS ITS HOLDING IN PW-WINDOWS OYStock Exchange Release HONKARAKENNE OYJ Stock Exchange Release 30 December 2009 at 09.00 hours HONKARAKENNE DIVESTS ITS HOLDING IN PW-WINDOWS OY On 29 December 2009, Honkarakenne Oyj completed an agreement to sell its 15% holding in the Ikaalinen-based window manufacturer PW-Windows Oy. The shares will be transferred to PW-Windows Oy under an agreement to purchase own shares. The transaction is subject to the completion of the sale of the business operations of PW-Windows Oy to Suomen Villa Palvelut Oy by 29 January 2010 at the latest. The parties in the transaction have agreed that the sale price and other terms and conditions will remain undisclosed. Under a separate agreement, the business operations of PW-Windows Oy will be transferred to Suomen Villa Palvelut Oy, and production will continue at its production facilities in Ikaalinen. The principal shareholders of Suomen Villa Palvelut Oy are PW-Windows Oy and the operational management of the new company. Honkarakenne relinquishes its holding in PW-Windows Oy as part of its ongoing measures to streamline the entire group's structure and boost the efficiency of procurements. For further information, please contact: CEO Esa Rautalinko, tel. +358 400 740 997, esa.rautalinko@honka.com HONKARAKENNE OYJ Board of Directors DISTRIBUTION NASDAQ OMX Helsinki Key Media |
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