PRESS RELEASE 18 Jun 2007
Acquisition of ZAO Giprobum Engineering in Russia concluded
The Russian competition authorities have approved the acquisition of ZAO Giprobum Engineering in Russia. The acquisition has been completed and becomes effective immediately. Pöyry will consolidate the result and balance sheet of Giprobum Engineering as of July 1, 2007. The company will onwards operate under the name ZAO Giprobum-Pöyry.
Pöyry published a press release concerning the acquisition on April 3, 2007. The release includes more detailed information on the business and finances of ZAO Giprobum Engineering.
Pöyry is a global consulting and engineering firm focusing on the energy, forest industry and infrastructure & environment sectors. Pöyry's net sales in 2006 amounted to about EUR 620 million and it employs 6400 experts.
Vice President, Corporate Communications
and Investor Relations
Additional information by:
Jukka Nyrölä, President, Forest Industry Business Group, Pöyry Plc
tel. +358 10 33 22010
Tapio Aalto, President, Forest Industry European Offices, Finland
tel. +358 10 33 234301