STOCKHOLM, Feb. 19, 2003 (PRIMEZONE) -- Graninge AB has reduced its holding in Oy Alholmens Kraft Ab in Finland from 19.9 to 14.9 per cent through a sale to Perhonjoki Oy, a local distribution company.
Alholmen owns and operates the world's largest biofuel-fired power plant in Pietarsaari, Finland. The plant went into operation at the end of 2001.
The purchase sum amounts to MEUR 1.5. The sale, which has now been approved by Graninge's Board of Directors, will be carried out in two stages during the year.
For additional information contact: Lars Enslof, Graninge's Managing Director and CEO, +46 (0)8-753 60 00 Magnus Buchert, Managing Director of Graninge Energia, +358 (1)0-776 66 70 Kalle Karlsson, Graninge's Corporate Communications Director, 46 (0)8-753 68 60 This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/02/19/20030219BIT00940/wkr0001.doc http://www.waymaker.net/bitonline/2003/02/19/20030219BIT00940/wkr0002.pdf