Atria Group Plc's Board of Directors made a decision on the reorganisation of the Itikanmäki facilities. Atria and the Itikka cooperative association have signed a letter of intent with Peab Seicon Oy under which Peab Seicon will buy most of the Itikanmäki property including its buildings and will build a new office building in Itikanmäki for the property company owned by Atria and its owner cooperative associations. The reorganisation also includes transfer of the current production operations to Nurmo. The construction of the new office building is being commissioned by a property company whose shareholders are the Itikka cooperative association, Lihakunta and Atria Group Plc. The property company will also own the new building. The land use plan for Itikanmäki in Seinäjoki is to be developed in cooperation between Atria, the Itikka cooperative association, Peab Seicon and the City of Seinäjoki. The whole reorganisation scheme, including changes in the land use plan and construction, will take about 2-4 years. The change in the land use plan requires rearrangements in land areas in the Itikanmäki area, including between the Itikka cooperative association and the City of Seinäjoki. Atria's present premises in Itikanmäki are no longer suitable for production use pursuant to the requirements of the food industry, nor are they suitable as office space. In future, Atria's operations in the Seinäjoki area will be concentrated in Nurmo and the new premises being built. ATRIA GROUP PLC Matti Tikkakoski President and CEO For additional information, please contact Mr Juha Gröhn, Managing Director of Atria Finland Ltd, tel. +358 400 684 224 and Property Director Pauli Tuominen, tel. +358 400 563 621. DISTRIBUTION: Helsinki Stock Exchange Principal media www.atria.fi
Stock exchange releases | 02.11.2007