PRESS RELEASE 12 Jun 2012
Pöyry has agreed to sell Pöyry Romania SRL to the company's management
PÖYRY PLC Press release 12 June 2012
Pöyry has agreed to sell the entire share capital of Pöyry Romania SRL to the company's management. Parties have agreed not to disclose the transaction price. The closing of the transaction is subject to the registration in the Trade Register, which is expected in July 2012.
Pöyry acquired the company which was then called Consilier Construct Srl in early 2008. Pöyry Romania's focus has been on the transportation market and it has also been active in the water and environment sector as well as the building sector. The company has 70 employees and it is part of Pöyry's Urban business group. Pöyry Romania SRL will be excluded from Pöyry's financial reporting as of 30 June 2012 with only a minor impact.
Jukka Pahta, CFO, Pöyry PLC
Tel. +358 10 33 26088
Pöyry is a global consulting and engineering company dedicated to balanced sustainability and responsible business. With quality and integrity at our core, we deliver best-in-class management consulting, total solutions, and design and supervision. Our in-depth expertise extends to the fields of energy, industry, transportation, water, environment and real estate. Pöyry has about 7,000 experts and a local office network in about 50 countries. Pöyry's net sales in 2011 were EUR 796 million and the company's shares are quoted on NASDAQ OMX Helsinki (Pöyry PLC: POY1V).