Vaahto Group Sold Real Estates
VAAHTO GROUP PLC OYJ STOCK EXCHANGE RELEASE 27.8.2010 at 14.30
VAAHTO GROUP SOLD REAL ESTATES
Vaahto Ltd and Japrotek Oy Ab, both subsidiaries of Vaahto Group, have signed agreements to sell factory and office buildings in Tampere and in Pietarsaari to Sponda Fund II Ky managed by Sponda Plc. The companies continue their operations as leaseholders in the above mentioned properties.
The real estate transaction has a positive effect of EUR 4.5 million to profit before taxes in Vaahto Group.
Advium Corporate Finance Ltd has acted as Vaahto Group’s adviser in the arrangement.
Lahti, August 27, 2010
VAAHTO GROUP PLC OYJ
For more information, please contact:
CEO, Vaahto Group Plc Oyj
Tel.: +358 50 466 1470
Vaahto Group is a globally operating high technology company serving process industry in the fields of pulp and paper machinery and process machinery.