Componenta plans to sell its shareholding in the Turkish subsidiary

Componenta Corporation Stock Exchange Release on 7.10.2016 at 9.30

Componenta Corporation plans to sell its shareholding in Componenta Dökümcülük Ticaret ve Sanayi A.S. Componenta targets to achieve a solution, as a result of which the Componenta group companies outside Turkey would be released from their debts from Componenta Dökümcülük Ticaret ve Sanayi A.S. and its subsidiary and the Turkish subsidiary's operational situation would improve. The arrangement is not expected to have an impact on Componenta Corporation’s cash flow or on the operations of remaining subsidiaries.

Componenta Dökümcülük Ticaret ve Sanayi A.S. had a net sales of EUR 260 million in 2015 and it employs some 2,600 people. Componenta Corporation’s shareholding amounts to 93.6 % of the company’s shares and votes.
 

Helsinki, 7 October 2016 

COMPONENTA CORPORATION

Harri Suutari
President and CEO

For further information, please contact:

Harri Suutari
President and CEO
tel. +358 10 403 2200

Markku Honkasalo
CFO
tel. +358 10 403 2710

Componenta is a metal sector company with international operations and production plants located in Finland, Turkey and Sweden. The net sales of Componenta were EUR 495 million in 2015 and its share is listed on Nasdaq Helsinki. The Group employs approx. 3,700 people. Componenta specializes in supplying cast and machined components and total solutions made of them to its global customers, who are manufacturers of vehicles, machines and equipment.