Investors Hangout Stock Message Boards Logo
  • Mailbox
  • Favorites
  • Boards
    • The Hangout
    • NASDAQ
    • NYSE
    • OTC Markets
    • All Boards
  • Whats Hot!
    • Recent Activity
    • Most Viewed Boards
    • Most Viewed Posts
    • Most Posted
    • Most Followed
    • Top Boards
    • Newest Boards
    • Newest Members
  • Blog
    • Recent Blog Posts
    • Recently Updated
    • News
    • Stocks
    • Crypto
    • Investing
    • Business
    • Markets
    • Economy
    • Real Estate
    • Personal Finance
  • Market Movers
  • Interactive Charts
  • Login - Join Now FREE!
  1. Home ›
  2. Stock Message Boards ›
  3. User Boards ›
  4. NASDAQ OMX GlobeNewswire Message Board

Raisio to sell its Southall industrial property

Message Board Public Reply | Private Reply | Keep | Replies (0)                   Post New Msg
Edit Msg () | Previous | Next


Post# of 301275
(Total Views: 129)
Posted On: 04/07/2017 12:00:20 PM
Avatar
Posted By: News Desk 2018
Raisio to sell its Southall industrial property

Raisio plc, Stock Exchange Release, 7 April 2017

RAISIO TO SELL ITS SOUTHALL INDUSTRIAL PROPERTY

On 7 April 2017, the Raisio Group has signed an agreement to divest its Southall industrial property near London to Galliard Homes Ltd. Galliard Homes will pay 10 per cent of the purchase price as an advance payment and the remaining 90 per cent when the property is transferred to its ownership by the end of June 2017 latest. The buyer pays the purchase price in GBP.

Once the industrial property has been transferred to the new owner, Raisio will write down intangible rights, such as goodwill, of some EUR 29 million recorded on the consolidated balance sheet for previous UK acquisitions. This corresponds to the capital gain derived from the sale of the industrial property before taxes. For this reason, the deal has no effect Raisio’s EBIT. Capital gain resulting from the deal will be taxed in the UK at 19 per cent tax rate.

Southall is one of the most important urban development areas in London. The size of the land area Raisio is now selling is 3.3 hectares and there is a large industrial plant built in 1936 on the land. The plant came into Raisio’s possession through the acquisition completed at the beginning of 2011. Raisio’s cereal production at the Southall plant ended in the spring 2016.

Over the past 25 years, Galliard Homes Ltd, a residential property developer, has acquired real estates to renew and restore for residential use in interesting new areas across London.  Further information: http://www.galliardhomes.com

RAISIO PLC

Heidi Hirvonen                                                                                                           Communications and IR Manager tel. +358 50 567 3060

Further information: Jarmo Puputti, CEO, tel. +358 50 352 8740 Antti Elevuori, CFO, tel. +358 40 560 4148

Raisio plc

Raisio plc is an international specialist in plant-based nutrition. Raisio’s operations are divided into two divisions: Brands and Raisioagro. The Group’s key market areas are Finland, Great Britain, the Czech Republic, Russia and Poland. Markets for cholesterol lowering Benecol products are global. Raisio plc’s shares are listed on Nasdaq Helsinki Ltd. In 2016, the Group's net sales totalled EUR 436 million and comparable EBIT was EUR 50.7 million. The Group employs some 1,400 people. Raisio’s best-known brands are Benecol, Benemilk, Elovena, Fox’s and Poppets. Benemilk feeds for milk production and Benecol for cholesterol lowering are Raisio’s top innovations. For more information on Raisio go to www.raisio.com/en

Distribution Nasdaq Key media www.raisio.com



(0)
(0)








Investors Hangout

Home

Mailbox

Message Boards

Favorites

Whats Hot

Blog

Settings

Privacy Policy

Terms and Conditions

Disclaimer

Contact Us

Whats Hot

Recent Activity

Most Viewed Boards

Most Viewed Posts

Most Posted Boards

Most Followed

Top Boards

Newest Boards

Newest Members

Investors Hangout Message Boards

Welcome To Investors Hangout

Stock Message Boards

American Stock Exchange (AMEX)

NASDAQ Stock Exchange (NASDAQ)

New York Stock Exchange (NYSE)

Penny Stocks - (OTC)

User Boards

The Hangout

Private

Global Markets

Australian Securities Exchange (ASX)

Euronext Amsterdam (AMS)

Euronext Brussels (BRU)

Euronext Lisbon (LIS)

Euronext Paris (PAR)

Foreign Exchange (FOREX)

Hong Kong Stock Exchange (HKEX)

London Stock Exchange (LSE)

Milan Stock Exchange (MLSE)

New Zealand Exchange (NZX)

Singapore Stock Exchange (SGX)

Toronto Stock Exchange (TSX)

Contact Investors Hangout

Email Us

Follow Investors Hangout

Twitter

YouTube

Facebook

Market Data powered by QuoteMedia. Copyright © 2025. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges).
Analyst Ratings & Earnings by Zacks. RT=Real-Time, EOD=End of Day, PD=Previous Day. Terms of Use.

© 2025 Copyright Investors Hangout, LLC All Rights Reserved.

Privacy Policy |Do Not Sell My Information | Terms & Conditions | Disclaimer | Help | Contact Us