Tikkurila to sell its business operations in the Balkan area to local management
Tikkurila OyjPress ReleaseDecember 21, 2017 at 9:00 a.m. (CET+1) Tikkurila to sell its business operations in the Balkan area to local management Tikkurila Oyj has entered into an agreement to sell the entire share capital of its subsidiaries in Serbia and Macedonia to the local management of Tikkurila. The buyer will continue the distribution of Tikkurila branded products in the Balkan area. Tikkurila's Balkan business operations have been unprofitable for a long time. The general economic development in the region has been weaker than anticipated and the demand for premium