LÄNNEN TEHTAAT PLC STOCK EXCHANGE ANNOUNCEMENT May 3, 2005 at 8;30 a.m.
MILDOLA DEAL ACCEPTED
The Office of Free Competition has accepted the deal by which Suomen Rehu Ltd, a
part of the Lännen Tehtaat Group, purchased 65 per cent of the share capital of
the food company Mildola Oy on March 10, 2005. Suomen Rehu's ownership of Mildola
is now 82.5% and the remaining 17.5% of Mildola's shares are held by
Maatalouskesko Oy.
Mildola Oy is Finland's leading manufacturer of vegetable oils produced through
pressing. Mildola provides its domestic and international customers with refined
vegetable oils and protein feed produced from rapeseed and soya. There are 38
people working for the company at Kantvik in Kirkkonummi.
Mildola's net turnover in 2004 was EUR 41 million, its operating profit before
depreciation was EUR 2.4 million and its profit before appropriations and taxes
EUR 0.7 million.
Mildola Oy is incorporated into the Lnnen Tehtaat Group as from May 1, 2005. The
acquisition of Mildola Oy by the Lännen Tehtaat Group will increase Lännen
Tehtaat's annual net turnover by more than EUR 15 million. The deal will have no
essential effect on Lännen Tehtaat's profit in 2005.
LÄNNEN TEHTAAT PLC
Erkki Lepistö
CEO
More information: Erkki Lepistö, tel. +358 10 402 00
Distribution:
Helsinki Stock Exchange
Principal media
www.lannen.fi
