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Panostaja Oyj Divests Entire Shareholding in Matti-Ovi Oy


Wednesday, 9 Oct 2013 03:30am EDT 

Panostaja Oyj announced that the Company together with the owners of Matti-Ovi Oy has signed a deed for the sale of its shareholding in Matti-Ovi Oy to Taaleritehtaan Sijoitustehdas Oy. In the transaction, about 85% of the shares of Matti-Ovi Oy will be transferred to the buyer. Matti-Ovi Oy is a subsidiary of which Panostaja owns 71.25%, and, in connection with the transaction, Panostaja will divest its entire shareholding. The total sale price of the shares being sold is estimated to be EUR 3.4 million, of which Panostaja‚Äôs share after the deduction of costs related to the sale will be EUR 2.7 million. The final sale price will be determined by November 13, 2013. Panostaja will record an estimated sales profit of EUR 1.8 million from the transaction. 

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19 Sep 2014