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2007-02-28 12:30:30 CET 2007-02-28 12:30:30 CET REGULATED INFORMATION Lännen Tehtaat - Company AnnouncementLÄNNEN TEHTAAT'S CORPORATE ACQUISITION IN NORWAY CONFIRMEDLÄNNEN TEHTAAT PLC STOCK EXCHANGE RELEASE February 28, 2007 at 1;30 pm LÄNNEN TEHTAAT'S CORPORATE ACQUISITION IN NORWAY CONFIRMED Lännen Tehtaat announced in its stock exchange release of February 6, 2007, that it will strengthen its Food Division and accelerate the growth of its fish product operations by purchasing the shares of the Norwegian Maritim Food AS from Brynild Gruppen AS. The deed of purchase was signed on February 6, 2007. The finalisation of the purchase was subject to the approval of the Norwegian competition authorities. As the Norwegian authorities have not made a request for a merger notification within the legally required period of time, the purchase has been approved. The purchase has been finalised today. Maritim Food AS and its Swedish subsidiaries Maritim Food Sweden AB and Maritim Food Sweden Egendom AB, as well as a 47.5% interest in Sandanger AS, an associated company of Maritim Food AS, will be incorporated into the Lännen Tehtaat Group as of the beginning of March. Maritim Food is one of the leading fish product manufacturers in Norway. The company has clients in the retail and hotel/restaurant/catering sector. The company sells and markets fish and shellfish products in Norway, Sweden and Finland. Together Maritim Food AS and Apetit Kala Oy will be one of the leading Scandinavian fish product manufacturers. In Norway and Finland their products will be distributed within the nationwide retail sector, and in Sweden comprehensively throughout the country within the hotel/restaurant/catering sector. The companies aim to utilise their joint know-how, particularly in the procurement of raw materials and in the manufacture and selling of products within the Northern Baltic region. In accordance with its operational strategy, Lännen Tehtaat is focusing on the food business and aims to strengthen its position as one of the leading Finnish food manufacturers. The corporate acquisition is in line with the company's operational strategy. LÄNNEN TEHTAAT PLC Matti Karppinen CEO For additional information: Matti Karppinen, CEO, tel. +358 10 402 4001 Distribution: Helsinki Stock Exchange Main media www.lannen.fi |
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