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Provider: Reuters Investment Profile
Provider: Wright Reports
Provider: MarketLine (a Datamonitor Company)
Provider: Directors Deals Ltd.

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Panostaja Oyj divests Toimex to group of investors and existing managers

Tuesday, 3 Dec 2013 04:00am EST 

Panostaja Oyj:Says has signed a deed by which Toimex Oy's share capital is sold to an investor group and existing managers.Says Toimex manufactures and sells HPAC pipe supports and is a wholly-owned subsidiary of Kannake Oy.Says in the transaction, about 80 percent of the shares of Kannake Oy will be transferred to the buyers.Says the ownership of existing managers prior to the transaction, about 20 percent remains in the company.Says Panostaja's holding in Kannake Oy is 70.42 percent. 

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11:29am EDT