Lassila & Tikanoja plc has sold its 50 percent holding in joint venture L&T Recoil Oy to the co-owner, EcoStream Oy. The transaction was completed in accordance with a stock exchange release released on 8 May 2012.
The selling price totalled EUR 10 million paid in cash and slightly under 20% of EcoStream’s share capital. The transaction does not affect company’s outlook for the rest of the year.
L&T still continues as one of the raw material suppliers of the plant in Hamina.