Kemira Oyj
Stock Exchange Release
June 23, 2016 at 4.30 p.m. (CET+1)
Kemira has agreed to sell 43.33% of its holding of Class B shares in Pohjolan Voima Oy to Etelä-Suomen Voima Oy. The traded shares are entitled to nuclear power production capacity and they form approximately 16% of Kemira's current electricity production capacity. The transaction is expected to be completed by the end of the second quarter of 2016. The transaction price is approximately EUR 35 million and Kemira will report a capital gain of approximately EUR 5 million under financial items in the second quarter.
For more information, please contact:
Kemira Oyj
Olli Turunen, Vice President, Investor Relations
Tel. + 358 10 862 1255
Kemira is a global chemicals company serving customers in water-intensive industries. We provide expertise, application know-how and chemicals that improve our customers' water, energy and raw material efficiency. Our focus is on pulp & paper, oil & gas, mining and water treatment. In 2015, Kemira had an annual revenue of EUR 2.4 billion and around 4,700 employees. Kemira shares are listed on the Nasdaq Helsinki Ltd.
www.kemira.com