Uponor completes the sale of extrusion lines
Uponor Corporation Stock exchange release 15 Nov. 2013 15:10EET
Uponor completes the sale of extrusion lines
The Finnish Market Court announced on 24 May 2013 its conditional approval of the plan, between Uponor Corporation and KWH Group, to merge their infrastructure solutions businesses into a jointly owned enterprise, Uponor Infra Oy.
Uponor has now completed the sale of the seven specified extrusion lines required by the Market Court.
Earlier announcements related to the case:
1 July 2013: Uponor and KWH Pipe infrastructure joint venture starts operations
24 May 2013: Finnish Market Court approves joint venture plan between Uponor and KWH Group
28 Feb 2013:The joint venture plan with Uponor and KWH Group will go to the Market Court
25 Feb 2013:The Finnish Competition and Consumer Authority proposes to the Market Court that the joint venture plan between Uponor and KWH Group be not approved
21 Sep 2012: Uponor and KWH Group announce a merger of their infrastructure businesses
Uponor Corporation
Tarmo Anttila
Vice President, Communications
DISTRIBUTION
NASDAQ OMX - Helsinki
Media
www.uponor.com
Uponor is a leading international provider of plumbing and indoor climate solutions for residential and commercial building markets across Europe and North America. On 1 July 2013, Uponor and KWH Group merged their infrastructure businesses into a jointly owned company, Uponor Infra, which is a leading supplier of infrastructure pipe systems in Northern Europe, with wide operations internationally. In 2012, the Uponor Group employed approx. 3,000 persons in 30 countries and its net sales exceeded €810 million. Uponor Corporation is listed on NASDAQ OMX Helsinki in Finland. http://www.uponor.com.