New owner for Kotkamills Imprex Oy
In relation to the strategic review process concerning the Imprex Business, Kotkamills Imprex Oy's sole shareholder Kotkamills Oy has on 12 October 2017 signed a share purchase agreement concerning the sale and purchase of all issued and outstanding shares in Kotkamills Imprex Oy to Dongwha Enterprise Co. The transaction has been completed on 31 October, 2017. The enterprise value (on a debt and cash free basis) of Kotkamills Imprex Oy is EUR 27 million.
The disposal improves the Kotkamills group's cash position and operating profit, but Kotkamills Group Oyj does not expect it to have significant impact on the issuer's balance sheet.
Kotkamills Group Oyj
Board of Directors
For additional information, please contact:
CFO Petri Hirvonen, tel.+358 40 571 0834, petri.hirvonen(at)kotkamills.com