18.11.2014 07:30:56
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Oriola-KD Corporation is in negotiations concerning the sale of its Russian businesses
Oriola-KD Corporation Stock Exchange Release 18 November 2014 at 8.30 a.m.
Oriola-KD Corporation is in negotiations concerning the sale of its Russian businesses
Oriola-KD Corporation ("Oriola-KD" or the "Company") confirms certain public reports stating that the Company is engaged in negotiating the sale of its Russian operations. Oriola-KD has stated in its release published on 10 October 2014 that the Company has nominated a financial advisor to investigate the conditions for selling the Company's Russian businesses and has conducted negotiations in the matter.
Oriola-KD emphasises, as stated in its release of 10 October 2014, that no decision has been made on the sale of the businesses, and there is no certainty regarding the completion or details of any possible sale.
The Company will also continue to investigate other strategic alternatives and will publish further information on the matter if the situation so warrants.
Oriola-KD Corporation
Tuomas Itkonen
CFO
For further information, please contact:
Tuomas Itkonen
CFO
Mobile +358 40 596 4004
email: tuomas.itkonen@oriola-kd.com
Eero Hautaniemi
President & CEO
Mobile +358 50 429 2109
email: eero.hautaniemi@oriola-kd.com
Distribution
NASDAQ OMX Helsinki Ltd.
Key media
Released by:
Oriola-KD Corporation
Corporate Communications
Orionintie 5
FI-02200 Espoo, Finland
www.oriola-kd.com
This announcement is distributed by Nasdaq OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Oriola-KD Oyj via Globenewswire
HUG#1872310
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