Brief: Lassila & Tikanoja Initiates Planning To Separate Its Circular Economy And Facility Services Businesses

Luotea Oyj

13/12/2024 06:05

Dec 13 (Reuters) - Lassila & Tikanoja Oyj  LAT1V.HE :
    * INSIDE INFORMATION: LASSILA & TIKANOJA INITIATES THE
PLANNING TO
SEPARATE ITS CIRCULAR ECONOMY AND FACILITY SERVICES BUSINESSES
AND LAUNCHES A PROGRAMME AIMING FOR IMPROVED PERFORMANCE
    * BOARD INITIATES PLANNING FOR POSSIBLE SEPARATION INTO TWO
COMPANIES
    * TO SEPARATE CIRCULAR ECONOMY BUSINESSES INTO A NEWLY
LISTED
COMPANY
    * PLANNING OF PARTIAL DEMERGER EXPECTED TO TAKE 12 MONTHS
    * EFFICIENCY PROGRAMME AIMS FOR ANNUAL PERFORMANCE
IMPROVEMENT OF
AT LEAST EUR 8 MILLION BY END OF 2026
    * NEW REPORTING STRUCTURE EFFECTIVE Q1 2025
    * DOES NOT EXPECT SEPARATION TO CAUSE ANY MATERIAL IMPACTS
OR
CHANGES TO OPERATIONS OF DIVISIONS

Source text:  ID:nGNE64CVqV 
Further company coverage:  LAT1V.HE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))