Ponsse will simplify its Group structure
Ponsse Oyj's Board of Directors has approved a merger plan according to which
the subsidiary Lako Oy, wholly owned by the company, will merge with its parent
company.
The subsidiary merger will take place without payment of merger consideration.
The aim is that the merger will take place on 31 August 2007.
The merger will help simplify the Group structure and improve competitiveness.
PONSSE OYJ
Arto Tiitinen
President and CEO
Further information:
Mikko Paananen, CFO
Telephone: +358 400 817 036
DISTRIBUTION:
Helsinki Stock Exchange
Principal media
www.ponsse.com