NEO INDUSTRIAL PlC Financial Statement Release 15 March 2016 at 5.30 pm
NEO INDUSTRIAL PLC: LONG TERM FINANCING AGREEMENT IMPLEMENTED FOR CABLE SEGMENT
The financial arrangement regarding Cable segment has been carried out as planned and as informed in the Financial Statement. Within new financial arrangement the loans of Cable Industry turned out as long term financing.
Managing Director Ralf Sohlström: “Implemented financial arrangement enables long-term development of Cable segment. We will also develop further short-term working capital financing solutions to support the needs of business even more than today.”
Hyvinkää, 15 March 2016
Neo Industrial Plc
Ralf Sohlström
Mananging Director
Further information:
Ralf Sohlström, Mananging Director, tel. +358 40 770 2720
Neo Industrial's strategy is to invest mainly in industrial companies with similar synergic benefits. The aim of investments is with active ownership to develop the purchased companies and establish additional value. Returns are sought through both dividend flow and an increase in value. Neo Industrial's class B shares are listed on the NASDAQ Helsinki Stock Exchange. Neo Industrial's business segment is Cable Industry.
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