STOCK EXCHANGE RELEASE 28 Jun 1999
JAAKKO PÖYRY GROUP EXPANDS ITS OPERATIONS IN POLAND
Jaakko Pöyry Oy, which is a member of the Jaakko Pöyry Group, has acquired a majority shareholding in the Polish engineering company Interpap Sp. Established in 1993, Interpap is Poland's leading forest industry engineering firm. Interpap Sp will also expand its operations into Poland's growing energy market. Interpap Sp has about 50 employees.
The acquisition of Interpap Sp is a part of the Jaakko Pöyry Group's strategy to expand the Forest Industry business group's local office network around the world. Interpap Sp will also participate in development and implementation projects in Poland's and neighbouring regions' energy markets.
The completion of the deal is subject to approval by the Polish authorities. The official procedure will take a maximum of two months.
JAAKKO PÖYRY GROUP OYJ
Additional information by:
Mr. Stefan Antell, President Jaakko Pöyry Oy,
+358 9 8947 2344,
+358 40 5200 262
Mr. Tapio Aalto, President JP-Engineering Oy,
+358 9 8947 3401,
+358 400 432 868