Aspo Oyj: Ownership of Own Shares Changes Following Merger
Aspo Oyj's subsidiary, Aspo Management Oy, has merged into the parent company. The ownership of 477,612 own shares has transferred to Aspo Plc.
Helsinki – Aspo Oyj announced on October 1, 2015, a change in the ownership structure of the company's own shares. The change resulted from the merger of Aspo Management Oy, a wholly-owned subsidiary, into its parent company, Aspo Plc. The merger was completed on September 30, 2015.
As a consequence of the merger, 477,612 Aspo Plc own shares previously held by Aspo Management Oy have transferred to the direct ownership of Aspo Plc. Following this corporate transaction, Aspo Plc holds a total of 478,599 of its own shares.
This holding represents 1.5% of the company's total share capital. Aspo Plc is a conglomerate operating in demanding B-to-B markets, focusing on Northern Europe and growth markets. The company's established brands, including ESL Shipping, Leipurin, Telko, and Kaukomarkkinat, aim for market leadership within their respective sectors.