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Oriola Oyj — M&A Activity 2010
Oct 28, 2010
3278_rns_2010-10-28_f8c9d312-dd01-4bff-93fb-08ccb69f3e7d.html
M&A Activity
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Oriola-KD has sold its Dental Trade business to Lifco
Oriola-KD has sold its Dental Trade business to Lifco
Oriola-KD Corporation Stock Exchange Release 28 October 2010 at 10.00 a.m.
On 28 October 2010 Oriola-KD sold its Dental Trade business, the minority
holding of 30 per cent in Lifco Dental International AB, to Lifco AB. Lifco is
paying approximately EUR 69 million in cash for Oriola-KD's minority holding.
Oriola-KD will recognise a profit of some EUR 37 million from the transaction in
the fourth quarter of 2010. The sale of the Dental Trade business supports
Oriola-KD's strategy to focus on pharmaceutical retail and wholesale businesses.
The Dental Trade businesses of Oriola-KD and Lifco AB were combined in 2007.
Lifco AB's ownership of Lifco Dental International AB after this transaction is
100 per cent. Oriola-KD will report the Dental Trade figures under discontinued
operations in the 2010 financial statements.
Oriola-KD Corporation
Eero Hautaniemi
President and CEO
Kimmo Virtanen
Executive Vice President and CFO
Further information:
Kimmo Virtanen
Executive Vice President and CFO
tel. +358 (0)10 429 2069
e-mail: [email protected]
Pellervo Hämäläinen
Vice President, Communications and Investor Relations
tel. +358 (0)10 429 2497
e-mail: [email protected]
Distribution
NASDAQ OMX Helsinki Ltd
Principal media
Published by:
Oriola-KD Corporation
Corporate Communications
Orionintie 5
FI-02200 Espoo, Finland
www.oriola-kd.com
[HUG#1456410]