Tomra - Sale of Brazilian operations
Tomra Systems ASA has signed an agreement regarding the sale of its two Brazilian subsidiaries Tomra South America LTDA and Tomra Latasa Reciclagem SA.
The purchaser is an indirect, fully owned subsidiary of Aleris International, Inc (NYSE: ARS), one of the world's largest aluminum recycling companies. In total, the sales price for the two companies is 19 million USD payable in cash. The transaction is not expected to have any material impact on TOMRA's P&L.
Questions regarding the transaction can be directed to CEO Amund Skarholt (+47 97 55 94 25) or CFO Espen Gundersen (+47 66 79 92 41).
Asker, 31 August 2005 <!-- hugin-supplied --><br> <!-- hugin-supplied --><br> Tomra Systems ASA