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
Telko is a chemical solutions partner. We help our customers to get the best materials and technical expertise to create sustainable success in various industries. Local service and close partnerships with leading global principals ensure reliable access to quality materials. Our history goes back nearly 120 years, and today we are about 350 experts in 18 countries and net sales of 280 million euros. Telko is a part of Aspo, listed on Nasdaq Helsinki. Telko – Solutions that matter