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2013-07-01 08:30:02 CEST 2013-07-01 08:30:04 CEST REGULATED INFORMATION Tieto Oyj - Company AnnouncementTieto closes the divestment of its local German and Dutch businesses as plannedTieto Corporation STOCK EXCHANGE RELEASE 1 July 2013, 9.30 am EET In February 2013, Tieto agreed to sell the majority of its operations in Germany and Netherlands. The transaction has now been closed and the divested business operations, including around 900 employees in total, were transferred to the new owner on 30 June. Referring to the information disclosed in the stock exchange release published on 4 February, Tieto will book by estimation EUR 8 million in one-off costs related to the divestment in the second-quarter results. For further information, please contact: Lasse Heinonen, CFO, tel. +358 50 393 4950, lasse.heinonen(at)tieto.com TIETO CORPORATION DISTRIBUTION NASDAQ OMX Helsinki NASDAQ OMX Stockholm Principal Media Tieto is the largest Nordic IT services company providing full life-cycle services for both the private and public sectors and product development services in the field of communications and embedded technologies. The company has global presence through its product development business and global delivery centres. Tieto is committed to developing enterprises and society through IT by realizing new opportunities in customers' business transformation. At Tieto, we believe in professional development and results. Founded 1968, headquartered in Helsinki, Finland and with approximately 17 000 experts, the company operates in over 20 countries with net sales of approximately EUR 1.8 billion. Tieto's shares are listed on NASDAQ OMX in Helsinki and Stockholm. Please visit www.tieto.com for more information. |
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