Based on an agreement signed today, OnePoint Oy, owned by Kemira Oyj, sold its electricity transmission business in Kokkola in Finland to Kokkolan Voima. The deal also includes two industrial real estates.
The electricity transmission business comprises the transmission of electricity to the so-called former Kemira area. This deal will have no major immediate effect on the terms and conditions of the contracts concluded by customers in the area, and these will remain unchanged until further notice. The industrial real estates consist of the substation’s grounds and a vacant lot between Kemirantie road and railroad in the immediate surroundings of Kokkolan Voima’s power station.
In the same connection, Kemira signed a letter of intent, whereby Kokkolan Voima, or its designated buyer, has the right to purchase all of OnePoint Oy shares from Kemira during the first quarter of 2007.
For further information, please contact:
Juhani Paananen
Kokkolan Voima
gsm +358 44 7809 288
Vesa Pihlajamaa
OnePoint Oy
Tel. +358 10 862 8200 or gsm +358 50 593 4373
Tomas Forsgård
Kemira Oyj
gsm +358 50 558 0030
Kemira is a chemicals group that is made up of four business areas: pulp and paper chemicals, water treatment chemicals, performance chemicals and paints. Kemira is a global group of leading chemical businesses with unique competitive position and a high degree of mutual synergy.
In 2005, Kemira recorded revenue of around EUR 2 billion and had a payroll of 8,000 employees. Kemira operates on all continents, in 40 countries.