Cargotec Corporation, Stock Exchange Release, July 7, 2006 at 10.30 a.m. Finnish time
Kalmar, the business area providing container handling solutions within Cargotec, has sold part of its land area and related property at its site in Tampere, Finland to Skanska Residential Nordic in Finland. The sales price exceeds EUR 25 million. The resulting capital gain for Cargotec is approximately EUR 15 million. The gain will be booked in Cargotec's third quarter 2006 operating profit.
The sold land area has been planned for residential construction. The street, park and certain office and public service building areas have been transferred to the City of Tampere. Kalmar will concentrate its own operations to the western part of the site, which it mainly uses already today.
Sender: Cargotec Corporation
Kari Heinistö Senior Executive Vice President and CFO
Eeva Mäkelä SVP, IR and Communications
For further information, please contact: Raimo Ylivakeri, President, Kalmar Industries Oy Ab, tel. +358 3 265 8241 Eeva Mäkelä, SVP, Investor Relations and Communications, tel. +358 204 55 4281
Cargotec Corporation is the world's leading provider of cargo handling solutions, which are used in local transportation, terminals, ports, distribution centers, and ships. Cargotec's operations are divided into three strong, global business areas: Hiab, Kalmar, and MacGREGOR, each of which is the market leader in its own segment. In 2005 Cargotec's net sales exceeded EUR 2.3 billion. The company employs some 7,700 people and has activities in more than 160 countries. Cargotec's class B shares are listed on the Helsinki Stock Exchange.