Sale of Thermia shares completed
Sale of Thermia shares completed In accordance with the agreement signed by Componenta on 24 January 2004, the sale of Thermia shares has been completed. In the transaction, Componenta has sold its Thermia AB shares to the Swedish private equity investor Procuritas Capital Investors III. The transaction was closed today and the new owner obtained Componenta's 36% holding in the associated company Thermia. The selling price for the shares was EUR 16 million and Componenta records a profit of EUR 7.5 million on the sale. The sale of Thermia shares and the acquisition of the Dutch foundry company De Globe published on 5 March 2004 are part of Componenta's strategy to divest non-core business and concentrate on developing the core business. The profit on the sale of Thermia shares and the EUR 5 million profit to be recorded on the De Globe transaction will raise Componenta's equity ratio significantly. The De Globe transaction comes into effect as a consequence of the completion of the Thermia sale. Helsinki, 9 March 2004 COMPONENTA CORPORATION Heikki Lehtonen President and CEO FURTHER INFORMATION Heikki Lehtonen President and CEO tel +358 9 225 021 Kimmo Virtanen CFO tel +358 9 225 021 Componenta is a metal sector company with international operations and production plants located in Finland and Sweden. The company's net sales exceed EUR 178 million and the group employs about 1,565 people. Componenta's shares are quoted on the Main List of the Helsinki Exchanges. The group's customers operate in the heavy truck, power and transmission, machine building and off-road industries. Componenta specializes in supplying ready-to-install cast, geared and machined components directly to the customer's assembly line. Componenta Corporation Nuijamiestentie 3 C FIN-00400 Helsinki , Finland Tel. +358 9 225 021 Fax +358 9 2250 2721 http://www.componenta.com ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/03/09/20040309BIT00540/wkr0001.doc http://www.waymaker.net/bitonline/2004/03/09/20040309BIT00540/wkr0002.pdf