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Kotkamills has sold its Malaysian operations

In relation to Kotkamills' strategic review process concerning L.P. Pacific Films Sdn. Bhd. ("LPPF"), as described in Kotkamills Group Oyj's stock exchange releases published on 26 October 2016 and 18 November 2016, LPPF's sole shareholder Kotkamills Oy has signed and completed a share purchase agreement concerning the sale and purchase of all issued and outstanding shares in LPPF to Surfactor Germany GmbH. The ownership to LPPF's shares has been transferred to Surfactor Germany GmbH with immediate effect.

“The disposal of the Malaysian operations enables to improve the liquidity, performance and profitability of Kotkamills Oy”, says Markku Hämäläinen, CEO of Kotkamills Oy and Kotkamills Group Oyj.

The services and operations of Kotkamills Oy in Europe will remain unchanged.

Further information:
CEO Markku Hämäläinen, tel. +358 40 721 0548, markku.hamalainen(at)kotkamills.com

 

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