On 11 Dec. 2007 Uponor announced a contract to divest its manufacturing
premises in Cork, Ireland to a local building company. The deal was planned to
take place in the final quarter of 2008. Later, in connection with the
divestment of its UK/Irish infrastructure business on 9 May 2008, Uponor stated
that the closing of the real estate deal has been delayed to Q1/2009.
It has now been agreed between the vendor and the purchaser that the deal will
be executed at a later stage in 2009.
In 2007, Uponor estimated that the divestment will bring Uponor a sales gain of
ca EUR 18 million before taxes.
Vice President, Communications
+358 20 129 2852
NASDAQ OMX Helsinki