Nurminen Logistics Plc to sell its subsidiary Nurminen Logistics Heavy Oy
Nurminen Logistics Plc Stock Exchange Release 11 September 2015 at 9:00 a.m.
Nurminen Logistics Plc has concluded an agreement for selling Nurminen Logistics Heavy Oy’s shares to Transport Company Ville Silvasti Oy. Senior Vice President of Nurminen Logistics responsible for Special Transports and Projects and a member of Management Team, Hannu Vuorinen will stay in Nurminen Logistics Heavy in the transaction. The project business that earlier belonged to Nurminen Logistics Heavy will remain with Nurminen Logistics. No changes will be made to the ownership of the handling hall for heavy goods at Vuosaari terminal either, but the hall will remain in the ownership of Nurminen Logistics.
This arrangement will strengthen Nurminen Logistics’ financial structure, clarify company’s service offering and provide even better opportunities for developing core business operations. In future, we will focus on providing forwarding, terminal and value added services in Finland’s most important import and export ports and border-crossing points, on railway logistics in Finland, Russia and CIS area and on project transport business.
Nurminen Logistics Heavy will move into the possession of Transport Company Ville Silvasti on 1 October 2015. With the transaction, Ville Silvasti will become the largest company in Finland to offer special transport services. The transaction has no significant impact on Nurminen Logistics’ result in 2015.
Nurminen Logistics Plc
President and CEO
For more information, please contact: Olli Pohjanvirta, President and CEO
Tel. +358 10 545 7011
NASDAQ OMX Helsinki
Nurminen Logistics is a listed company established in 1886 that offers logistics services. The company provides high-quality railway transports, project transport services, special transports and forwarding and cargo handling services to its customers. The main market areas of Nurminen Logistics are Finland, Russia and its neighbouring countries.