Kasola Plc Stock Exchange Release 30 November 2007
THE EXECUTION OF THE SALE OF THE BUSINESS ACTIVITIES OF KASOLA PLC
The agreement regarding the sale of the business activities of Kasola Plc signed
on 22 November between Kasola Plc, Maturiala Ltd, Kaso Ltd and MK-Tresmer Ltd
has been executed today. After the sale of the business activities, the
organization of Kasola Plc will be formed by Managing Director Tapani Väljä. As
a result of the completion of the sale the current group structure of Kasola Plc
will be dissolved as all subsidiaries have been sold with the parent company
Kasola Plc remaining as the only operational entity.
The abbreviated balance sheet of Kasola Plc per 30 November 2007 (unaudited),
taking into consideration the completed sale, is as follows:
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| Long-term assets | 0,5 | | 11,4 | Equity |
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| Funds | 9,2 | | 0,6 | Short-term debts |
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| Other short-term | 2,3 | | | |
| assets | | | | |
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| | 12,0 | | 12,0 | |
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The transaction costs that will further incur will affect the result of Kasola
Plc on the latter part of the year. Costs will incur in connection with the
drafting of a prospectus, Due Diligence processes relating thereto, editing of
the financial information of the business activities to be assumed and other
fees payable to the professional advisers. The total amount of these costs will
exceed one million euros.
KASOLA PLC
Tapani Väljä
Managing Director
Additional information:
Tapani Väljä
Managing Director
KAsola Plc
tel. 0400-505 078
email: tapanivalja.kasola@kaso.fi
www.kaso.fi
DISTRIBUTION
Helsinki Stock Exchange
Major media