Nurminen Logistics to align its legal corporate structure with the structure of its business operations
Nurminen Logistics Oyj
Nurminen Logistics to align its legal corporate structure with the structure of
its business operations
Nurminen Logistics Plc Stock exchange release 12 October
2012 at 10 am
Nurminen Logistics Plc is planning to turn its operations in Finland into
independent companies and to restructure its Baltic operations. In this
transformation, Nurminen Logistics Plc’s Forwarding and Value Added Services,
Railway Logistics and Transit Logistics business units will be turned into an
independent company and the Special Transports and Projects business unit will
be turned into another independent company. These two new Finnish companies
will start operating under the new structure on 1 January 2013. The companies
responsible for the Estonian and Lithuanian operations will be transferred
directly under the parent company during 2012. The Russian operations will
continue as a separate company. After these changes, Nurminen Logistics Plc
will be the direct parent company of all companies.
This restructuring is purely administrative in nature; with it, the company
streamlines its legal structure and cost allocation to current business
operations. All business operations of the Finnish business units mentioned
above will be transferred to the new companies. Personnel will transfer to the
new companies with unchanged terms of employment.
Turning these business operations into independent companies has no effect on
Nurminen Logistics Plc’s financial reporting. The reported segments will still
be Forwarding and Value Added Services, Special Transports and Projects,
Railway Logistics and Transit Logistics.
The Group management and supporting functions will remain in Nurminen Logistics
Plc and provide the Group companies with financial and administrative services.
Nurminen Logistics Plc
President and CEO
For further information, please contact: Paula Kupiainen, CFO, tel. +358 40 744
NASDAQ OMX Helsinki
Nurminen Logistics provides high-quality logistics services, such as railway
transports, terminal services, forwarding, special and heavy transport and
value-added services. The company has collected logistics know-how from three
centuries, starting in 1886. Nurminen Logistics’ main market areas are Finland,
the Baltic Sea region, Russia and other Eastern European countries. The
company’s share is listed on NASDAQ OMX Helsinki.