Nurminen Logistics Plc Stock exchange release 12 October 2012 at 10 am
Nurminen Logistics Plc is planning to turn its operations in Finland into independent companies and to restructure its Baltic operations. In this transformation, Nurminen Logistics Plc’s Forwarding and Value Added Services, Railway Logistics and Transit Logistics business units will be turned into an independent company and the Special Transports and Projects business unit will be turned into another independent company. These two new Finnish companies will start operating under the new structure on 1 January 2013. The companies responsible for the Estonian and Lithuanian operations will be transferred directly under the parent company during 2012. The Russian operations will continue as a separate company. After these changes, Nurminen Logistics Plc will be the direct parent company of all companies.
This restructuring is purely administrative in nature; with it, the company streamlines its legal structure and cost allocation to current business operations. All business operations of the Finnish business units mentioned above will be transferred to the new companies. Personnel will transfer to the new companies with unchanged terms of employment.
Turning these business operations into independent companies has no effect on Nurminen Logistics Plc’s financial reporting. The reported segments will still be Forwarding and Value Added Services, Special Transports and Projects, Railway Logistics and Transit Logistics.
The Group management and supporting functions will remain in Nurminen Logistics Plc and provide the Group companies with financial and administrative services.
Nurminen Logistics Plc
Topi Saarenhovi
President and CEO
For further information, please contact: Paula Kupiainen, CFO, tel. +358 40 744 1379.
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NASDAQ OMX Helsinki
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www.nurminenlogistics.com
Nurminen Logistics provides high-quality logistics services, such as railway transports, terminal services, forwarding, special and heavy transport and value-added services. The company has collected logistics know-how from three centuries, starting in 1886. Nurminen Logistics’ main market areas are Finland, the Baltic Sea region, Russia and other Eastern European countries. The company’s share is listed on NASDAQ OMX Helsinki.