In Finland, Telko, part of Aspo Group, has sold business operations of Hamina Terminal Services to North European Oil Trade (NEOT).
The operations in Hamina were transferred to Aspo in a corporate acquisition carried out in 2008.
The terminal operations have mainly focused on logistics services concerning liquid chemical products originating from Russia.
The business of the Hamina Terminal involves terminal storage and related services provided for external customers.
After the divestment of the Hamina Terminal, Telko will still have the Rauma Terminal in Finland, which operates as a terminal for industrial raw materials forwarded by Telko.
The cash flow from the transaction before tax will be approximately 11 million, and the sales gain to be booked in the third quarter result is expected to be 3.2 million.