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Eur 14.3 million capital gain to Lassila & Tikanoja

  • 1 min read
Lassila & Tikanoja sold today its holding in the shares of Ekokem Oy Ab to
Ilmarinen Mutual Pension Insurance Company. The Board of Directors of Ekokem
has committed itself to recording the buyer in the company's list of shares and
shareholders. Lassila & Tikanoja had obtained possession of the shares over a
period of several years and they no longer had any connection to the business
operations of the company. 

A tax-free capital gain arising from the sale will be recognised in the
financial statements for the first quarter of the year 2008. The positive
effect of the sale on the operating profit and the profit for the period will
be EUR 14.3 million. 


Jari Sarjo
President and CEO

For further information, please contact Jari Sarjo,
President and CEO, tel. +358 10 636 2810.