EFORE PLC EXERCICES ITS OPTION TO SELL REAL ESTATE IN ITALY


Espoo, Finland, 2014-10-27 13:45 CET (GLOBE NEWSWIRE) -- EFORE PLC          Stock Exchange Release    October 27, 2014 at 2:45 p.m.

ROAL Electronics, fully owned by Efore Plc, has today sold its real estate in Italy according to the option agreement, which was made at the same time with the acquisition last year. Selling price of the facility is EUR 1,5 million and ROAL will lease it at least for three years with an annual rent of EUR 0,15 million.

EFORE PLC

Vesa Vähämöttönen
President and CEO



For further information please contact Mr.Vesa Vähämöttönen, President and CEO, tel. +358 9 4784 6312.

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Nasdaq OMX Helsinki Oy
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Efore Group

Efore Group is an international company which develops and produces demanding power products. Efore's head office is based in Finland and its production units are located in China and Tunis. Sales and marketing operations are located in Europe, United States and China. In the fiscal year ending in December 2013, consolidated net sales totalled EUR 82.5 million and the Group's personnel averaged 836. The company's share is quoted on the Nasdaq OMX Helsinki Ltd.
www.efore.com