Helsinki, Finland, 2012-06-25 13:00 CEST (GLOBE NEWSWIRE) --
LASSILA & TIKANOJA PLC STOCK EXCHANGE RELEASE 25 June 2012 2.00 pm
Lassila & Tikanoja plc has sold its 50 percent holding in joint venture L&T Recoil Oy to the co-owner, EcoStream Oy. The transaction was completed in accordance with a stock exchange release released on 8 May 2012.
The selling price totalled EUR 10 million paid in cash and slightly under 20% of EcoStream’s share capital. The transaction does not affect company’s outlook for the rest of the year.
L&T still continues as one of the raw material suppliers of the plant in Hamina.
LASSILA & TIKANOJA PLC
Ville Rantala
CFO
For additional information please contact
Ville Rantala, CFO, Vice President, Renewable Energy Sources, tel. +358 50 385 1442.
Lassila & Tikanoja specialises in environmental management and property and plant support services and is a leading supplier of wood-based biofuels, recovered fuels and recycled raw materials. With operations in Finland, Sweden, Latvia and Russia, L&T employs 9,500 persons. Net sales in 2011 amounted to EUR 652 million. L&T is listed on NASDAQ OMX Helsinki.
Distribution:
NASDAQ OMX Helsinki
Major media
www.lassila-tikanoja.com