Telko has signed a binding framework agreement according to which it will sell the share capital of its Belarusian subsidiary FLLC Telko to a person belonging to the current management of the subsidiary at a nominal price. Rights to Telko's name and trademarks are not included in the sale.
The completion of the transaction requires an approval of the local authorities. Already in October, Telko announced that it had agreed on the sale of its Russian operations.
“In accordance with the decision made in the spring, we are exiting from selected eastern markets, and the sale of Telko's Belarusian business is another step towards our goal. I am very satisfied that the buyer was found in the company's current management,” says Aspo’s CEO and Telko’s Chairman of the Board Rolf Jansson.
Telko Ltd
Telko is a leading distributor and solution provider for converters and brand owners looking to safeguard their business with future-proof plastics, chemicals or lubricant solutions. By using industry-leading expertise, strong partnerships and renowned service capabilities to dramatically improve our customers' production lead times, material efficiency, and financial and environmental performance.