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Oriola-KD Oyj Oriola-KD Corporation Stock Exchange Release 26 June 2008 at 10.00 a.m.
Oriola-KD Corporation has increased its holding in Kronans Droghandel AB (KD) in Sweden from 85.62 per cent to 98.13 per cent after acquiring the minority holding of Merck Sharp & Dohme (Sverige) AB in KD. Merck Sharp & Dohme (Sverige) AB's holding in KD was 12.51 per cent.
The share purchase is paid in cash. The parties have agreed not to publish the purchase price. The acquisition in question cannot be deemed significant in accordance with the rules of the OMX Nordic Exchange Helsinki.
The representatives of Merck Sharp & Dohme (Sverige) AB in the Board of Directors of KD, Karin Bernadotte af Wisborg (member) and Ulf Janzon (deputy member) will resign from the Board of Directors of KD today.
After the transaction, Organon AB holds a minority of 1.87 per cent of the shares in KD. Oriola-KD Corporation
Eero Hautaniemi President and CEO
Thomas Heinonen Senior Legal Counsel
For possible contacts: Eero Hautaniemi President and CEO tel. +358 10 429 2109 email: eero.hautaniemi@oriola-kd.com Kimmo Virtanen Executive Vice President and CFO tel. +358 10 429 2069 email: kimmo.virtanen@oriola-kd.com
Distribution OMX Nordic Exchange Helsinki Main media