STOCK EXCHANGE RELEASE December 19, 2014 at 2.00 P.M.
Wulff Group Plc has sold its subsidiary Looks Finland Oy
Wulff Group Plc has sold its subsidiary Looks Finland Oy to minority shareholder Jussi Heino for a final price of 1.0 million euros today. Wulff Group Plc had a 75 % share in Looks Finland Oy. The property and possessory rights to the shares have transferred to the buyer and the payment has been completed outright today at the conclusion of the sale.
The impact of the sale to the Group’s 2014 result will be slightly positive. The net sales of Looks Finland Oy amount to approximately 1.5 million euros in 2014.
In Vantaa on December 19, 2014.
WULFF GROUP PLC
CEO Heikki Vienola
tel. +358 9 5259 0050 or mobile: +358 50 65 110
NASDAQ OMX Helsinki Oy
Wulff Group Plc is an increasingly international listed company as well as the most significant Nordic player in office supplies and an industry pioneer. Wulff sells and markets office supplies, facility management products, business and promotional gifts, IT supplies as well as ergonomics and first aid products. Customers can also acquire international fair services from Wulff. The newest products are LED lights and lighting solutions. In addition to Finland, Wulff operates in Sweden, Norway, Denmark and Estonia. The customers are attended to personally by more than 300 business-to-business sales professionals and also at Wulff’s stores in Helsinki, Turku and Lahti. In addition to versatile customer specific services, the Group serves its customers online with a non-exclusive web store Wulffinkulma.fi.