Aspo Oyj (HEL:ASU1V) ASPO Plc STOCK EXCHANGE ANNOUNCEMENT 19 August 2008 at 3:30 p.m.
Aspo Plc divests the Sourcing Services of its Kaukomarkkinat Unit to Kaukopartio Oy. The deal will result in a non-recurring gain of approximately one million euros, which will be recorded for the second half upon completion of the change of ownership.
Gustav Nyberg, CEO of Aspo: "The sale of Sourcing Services will clarify the structure of the Aspo Group. In the future, we will continue to focus on our core businesses. Kaukopartio Oy has acquired specialized knowledge in Far Eastern operations, and industrial sourcing services are their core competence. This is a great benefit to the employees and clients of the Sourcing Services Unit."
The Sourcing Services Unit includes the operations in China (Shanghai and Beijing), Vietnam and a subsidiary in Hong Kong. The unit's clients are mainly in the field of specialist convenience goods, as well as in the textile, shoe and furniture businesses.
ASPO Plc
Gustav Nyberg CEO
Aspo is a conglomerate focusing on sectors that require extensive specialist knowledge. Aspo owns and develops the leading businesses in its sector, which include ESL Shipping, Leipurin as well as Telko. Additionally, Aspo Ventures consists of developing businesses, such as Kaukomarkkinat. Aspo serves demanding business-to-business clients. In 2007, the company's net sales (pro forma) amounted to EUR 495.3 million.
DISTRIBUTION: OMX Nordic Exchange Key media www.aspo.fi
Aspo Oyj
http://www.aspo.fi/
ISIN: FI0009008072
Stock Identifier: XHEL.ASU
Aspo Plc divests the Sourcing Services of its Kaukomarkkinat Unit to Kaukopartio Oy. The deal will result in a non-recurring gain of approximately one million euros, which will be recorded for the second half upon completion of the change of ownership.
Gustav Nyberg, CEO of Aspo: "The sale of Sourcing Services will clarify the structure of the Aspo Group. In the future, we will continue to focus on our core businesses. Kaukopartio Oy has acquired specialized knowledge in Far Eastern operations, and industrial sourcing services are their core competence. This is a great benefit to the employees and clients of the Sourcing Services Unit."
The Sourcing Services Unit includes the operations in China (Shanghai and Beijing), Vietnam and a subsidiary in Hong Kong. The unit's clients are mainly in the field of specialist convenience goods, as well as in the textile, shoe and furniture businesses.
ASPO Plc
Gustav Nyberg CEO
Aspo is a conglomerate focusing on sectors that require extensive specialist knowledge. Aspo owns and develops the leading businesses in its sector, which include ESL Shipping, Leipurin as well as Telko. Additionally, Aspo Ventures consists of developing businesses, such as Kaukomarkkinat. Aspo serves demanding business-to-business clients. In 2007, the company's net sales (pro forma) amounted to EUR 495.3 million.
DISTRIBUTION: OMX Nordic Exchange Key media www.aspo.fi
Aspo Oyj
http://www.aspo.fi/
ISIN: FI0009008072
Stock Identifier: XHEL.ASU
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