Panostaja Oyj                 Stock Exchange Bulletin August 28, 2015         11:45            

CORPORATE RESTRUCTURING OF PANOSTAJA OYJ'S SECURITY SEGMENT COMPLETED

The sale of Flexim Security Oy's shares to Assa Abloy Oy was completed today in accordance with the stock exchange bulletin published on 4 June 2015 and the transaction has been approved by the competition authority. The basic purchase price of the transaction remained the same as announced previously, but the sales profit recorded in the Panostaja Group from the basic purchase price was revised to approximately MEUR 9 (the sales profit was previously estimated to be MEUR 10).

Panostaja Oyj
Juha Sarsama
CEO

 

Further information:

Panostaja Oyj: CEO Juha Sarsama +358 40 774 2099

 

Panostaja is an investment company developing Finnish SMEs in the role of an active majority shareholder. The company aims to be the most sought-after partner for business owners selling their companies as well as for the best managers and investors. Together with its partners, Panostaja increases the Group's shareholder value and creates Finnish success stories. After the Flexim transaction, Panostaja operates in eight business segments, and Panostaja Group employs some 1,300 staff. Panostaja’s shares (PNA1V) are quoted on the NASDAQ OMX Helsinki Stock Exchange. In the 2014 financial period, the Group’s official net sales totaled MEUR 154.8.

www.panostaja.fi