Partial demerger of Oriola-KD Corporation's subsidiary Oriola Oy and
nominations in the Oriola-KD Group
9.12.2009
Oriola-KD Corporation Stock Exchange Release 9 December 2009 at 12.30
pm
In the partial demerger of Oriola-KD Corporation's subsidiary Oriola
Oy which will be implemented on 1 January 2010, the Nordic Healthcare
Trade business of Oriola Oy, including all related assets and
liabilities will be transferred to Oriola-KD Healthcare Oy, a company
to be established. The Pharmaceutical Trade business and all other
assets and liabilities of Oriola Oy will remain in Oriola Oy.
Oriola Oy and Oriola-KD Healthcare Oy are fully owned subsidiaries of
Oriola-KD Corporation. The partial demerger will clarify the Group
structure and enhance the opportunities to develop the Pharmaceutical
Wholesale and Healthcare Trade businesses in Finland.
In connection with the partial demerger, the Vice President of
Oriola-KD Group's Pharmaceutical Trade Finland and member of
Oriola-KD Group's Management Team, Mr. Jukka Niemi will as of 1
January 2010 be appointed to the position of Managing Director of
Oriola Oy in addition to his current responsibilities. The Vice
President of Oriola-KD Group's Healthcare Trade and member of
Oriola-KD Group's Management Team, Mr. Ilari Vaalavirta will as of 1
January 2010 be appointed to the position of Managing Director of
Oriola-KD Healthcare Oy in addition to his current responsibilities.
Mr. Jukka Niemi and Mr. Ilari Vaalavirta will report to Oriola-KD
Corporation's President and CEO, Eero Hautaniemi.
Oriola-KD Corporation
Eero Hautaniemi
President and CEO
Kimmo Virtanen
Executive Vice President and CFO
Further information:
Kimmo Virtanen
Executive Vice President and CFO
tel. +358 (0)10 429 2069
e-mail: kimmo.virtanen@oriola-kd.com
Pellervo Hämäläinen
Vice President, Communications and Investor Relations
tel. +358 (0)10 429 2497
e-mail: pellervo.hamalainen@oriola-kd.com
Distribution:
NASDAQ OMX Helsinki Ltd.
Principal media
Published by:
Oriola-KD Corporation
Corporate Communications
Orionintie 5
FI-02200 Espoo, Finland