Profile: Neo Industrial Oyj (NEO1V.HE)
NEO1V.HE on Helsinki Stock Exchange
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Neo Industrial Oyj is a Finland-based company that invests in industrial companies that offer mutual synergy benefits. The Company, along with its subsidiaries, is active in two segments, namely Cable, and Viscose Fibers (discontinued). The Company also owns and manages real estate and property shares and owns shares and holdings in unlisted data and telecommunications operators. The Company is the parent entity of a group that included three wholly owned subsidiaries, Novalis Plc, Alnus Ltd and RRR Finland Ltd, as well as Carbatec Ltd with its subsidiaries. On June 28, 2012, the Company announced the divestiture of its Single Family Housing segment. In March 2013, the companies of discontinued Viscose segment of Neo Industrial Plc, Avilon Fibres Ltd and Carbatec Ltd, have filed for bankruptcy at the District Court of Pirkanmaa. On May 22, 2013, it sold OAO Expokabel and ZAO Reka Kabel, cable manufacturing companies in Russia.
Neo Industrial Oyj
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