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| Pöyry divests French subsidiary Finland-based Pöyry has divested its French subsidiary Pöyry Energy (Strasbourg) SAS (previously SEEI S.A.S.) and sold its 100 per cent ownership in the company at a transaction price amounting to EUR 0.6 million. The company's annual net sales are about EUR 2.5 million and it is debt-free. As the effective date of divestment was 31 December, the company is not consolidated in Pöyry's 2007 balance sheet. The sale has a positive effect of about EUR 0.2 million on the Energy business group's profit for 2007. The reason for the sale was that the company's profile and product portfolio is not in line with the current strategy of Pöyry's Energy business group. write your comments about the article :: © 2008 Construction News :: home page |