Aspo Plc has signed a domestic EUR 50 million commercial paper program, under which Aspo can issue commercial papers having a maturity of less than one year. The funds will be used to finance Aspo's net working capital and other short-term funding needs. By utilizing the commercial paper market Aspo will further strengthen its financial flexibility.
The following banks will act as brokers in the program: Nordea Bank Finland, Pohjola Bank Plc and Sampo Bank Plc.
ASPO Plc
Gustav Nyberg
CEO
For more information, please contact
Harri Seppälä, Group Treasurer
at +358 9 7595 311 or +358 400 617 201
harri.seppala@aspo.fi
Aspo is a conglomerate focusing on sectors that require extensive, specialist knowledge. Aspo is the owner and developer of market leading niche companies like ESL Shipping, Leipurin and Telko. Additionally, Aspo Ventures includes developing businesses such as Autotank and Kaukomarkkinat. Aspo serves demanding business-to-business customers. Aspo's net sales (pro forma) amounted to EUR 495.3 million in 2007.
Distribution:
Nordic Exchange Helsinki
The Media
www.aspo.com