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Provider: Reuters Investment Profile
Provider: Wright Reports

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Nurminen Logistics Oyj To Align its Legal Corporate Structure with Structure of Company's Business Operations

Friday, 12 Oct 2012 03:02am EDT 

Nurminen Logistics Oyj announced that the Company plans to turn its operations in Finland into independent companies and to restructure its Baltic operations. In this transformation, the Company's Forwarding and Value Added Services, Railway Logistics and Transit Logistics business units will be turned into an independent company and the Special Transports and Projects business unit will be turned into another independent company. These two new Finnish companies will start operating under the new structure on January 1, 2013. The companies responsible for the Estonian and Lithuanian operations will be transferred directly under the parent company during 2012. The Russian operations will continue as a separate company. After these changes, the Company will be the direct parent company of all companies. All business operations of the Finnish business units mentioned above will be transferred to the new companies. Personnel will transfer to the new companies with unchanged terms of employment. This will have no effect on the Company's financial reporting. The reported segments will still be Forwarding and Value Added Services, Special Transports and Projects, Railway Logistics and Transit Logistics. The Group management and supporting functions will remain in the Company and provide the Group companies with financial and administrative services. 

Company Quote

0.02 +1.43%
16 Sep 2014