Lassila & Tikanoja Oyj: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
Provider: Directors Deals Ltd.
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Lassila & Tikanoja Oyj to Sell 50% Holding in L&T Recoil Oy Joint Venture to Co-Owner, EcoStream Oy
Lassila & Tikanoja Oyj announced that the Company and EcoStream Oy are negotiating on a business transaction in which Lassila & Tikanoja Oyj will sell its 50% holding in the joint venture L&T Recoil Oy to EcoStream Oy, a co-owner. The selling price would total EUR 10 million paid in cash and slightly under 20% of EcoStream Oy's share capital. The arrangement’s cash flow effect is about to be some EUR 10 million positive and the effect on operating profit is to be neutral in 2012. Lassila & Tikanoja Oyj would still continue as one of the raw material suppliers of the plant. The transaction is intended to be completed by the end of June 2012. The transaction is conditional to the completion of the share issue decided upon by the Annual General Meeting of EcoStream Oy, held April 26, 2012.
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