Wärtsilä increases holding in Wärtsilä India Ltd

Wartsila Corporation
  • Stock exchange release
15 January 2003 at 2:01 AM E. Europe Standard Time

Wärtsilä Corporation STOCK EXCHANGE RELEASE 15.1.2003 at 9 am

Wärtsilä Corporation made a public offer to the minority shareholders of Wärtsilä India Ltd on 23 September 2002 to acquire 1,383,694 shares, or 11.5% of the share capital. The offer period started on 23 November 2002 and expired on 21 December 2002.

During the offer period 143,095 shares were acquired, corresponding to 1.19% of the total shares. The acquisition cost was approximately USD 0.4 million. Wärtsilä Corporation now holds 89.69% of the total shares of Wärtsilä India Ltd.


 

Heikki Horstia
Vice President, Group Treasury
Wärtsilä Corporation
Direct tel: +358 10 709 5685
Direct fax:
e-mail:heikki.horstia@wartsila.com
Internet: www.wartsila.com