RAISIO EXECUTED AN AGREEMENT ON SELLING ITS FOOD POTATO BUSINESS
Raisio plc Stock Exchange Release 15.3.2007
RAISIO EXECUTED AN AGREEMENT ON SELLING ITS FOOD POTATO BUSINESS
Raisio has today 15 March 2007 executed an agreement on selling its food potato
business in Vihanti to Profood Oy owned by Pohjoisen Kantaperuna Ltd, Potwell
Ltd and Markku Tuuli. A preliminary agreement on selling the food potato
business was executed in February 2007.
The transaction is to be completed by the end of June 2007. The buyer has
announced it will continue and develop production in Vihanti. The personnel of
the potato product plant will be employed by the new owner under the terms of
their current employment contracts.
Raisio's CEO Matti Rihko states: ”Along with the new owner the food potato
business has good opportunities to develop as a strong specialist in the field.
The sale of the food potato business is one step in streamlining and clarifying
Raisio's business operations.”
RAISIO PLC
Heidi Hirvonen
Communications Manager
puh. +358 2 443 2242 or +358 50 567 3060
Further information:
CEO Matti Rihko, tel. +358 2 443 2716 or +358 400 830 727
Distribution:
Helsinki Stock Exchange
Key media
www.raisio.com