RAISIO AND LANTMÄNNEN DISSOLVE JOINT OWNERSHIP
Raisio plc, Stock Exchange Release 28 January 2008
RAISIO AND LANTMÄNNEN DISSOLVE JOINT OWNERSHIP
Raisio plc and Lantmännen, a Swedish corporation have signed an agreement on
ownership arrangements of their jointly owned companies. According to the
agreement, Lantmännen will hand over its 25% share of the Finnish mill Melia Ltd
to Raisio. In return, Raisio will hand over its 50% share of the joint venture
GoGreen AB and its 27% share of the Latvian mill company AS Rigas Dzirnavnieks
to Lantmännen. The ownership arrangements are expected to improve Raisio's
operating result by EUR 3-4 million in 2008.
Raisio's CEO Matti Rihko says: ”With Melia wholly owned by Raisio, we will have
better possibilities to develop the leading cereal brand Elovena independently.
These agreed ownership arrangements will continue the streamlining of Raisio's
business operations. They will improve profitability, simplify group structure
and decision making as well a enhance business management.”
RAISIO PLC
Heidi Hirvonen
Communications Manager
tel. +358 2 443 2242 or +358 50 567 3060
Further information:
Matti Rihko, CEO, tel. +358 400 830 727
Distribution
OMX Nordic Exchange, Helsinki
Key media
www.raisio.com