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Wed April 12 03:59 pm 2000 in category Stock exchange releases
Nokian Tyres plc Stock Exchange Bulletin, April 12, 2000 4.15 pm. 1/1

COMPETITION AUTHORITIES APPROVED THE PURCHASE OF RENGASMESTARIT-KUMI-HELENIUS GROUP



Competition authorities have approved the purchase of Rengasmestarit-Kumi-Helenius Group. Nokian Tyres informed about this transaction at the beginning of March.

Rengasmestarit-Kumi-Helenius Group has 31 tyre retail outlets in Finland. Its net sales in 1999 was approximately 34 million euros and it employs 240 people. The company was sold by Mr. Matti Kupiainen and his family. The purchase price was 8,3 million euros.

Nokian Tyres plc

Raila Hietala-Hellman
Vice President, Public Information


Further information:

Mr. Lasse Kurkilahti
President of Nokian Tyres

and

Mr.Juhani Kyrklund
Vice President, Nokian Tyres Retail,
tel + 358 3 340 7111.

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