Wärtsilä Corporation announced a public offer to the minority shareholders of Wärtsilä India Ltd on January 19th 2007 to acquire 1,240,599 shares, or 10.3% of the share capital. The offer is scheduled to open on March 5, 2007 and to close on March 9, 2007.
Acquisition of all these shares would mean an investment of approximately EUR 8.6 million based on the indicative price given in the offer.
Wärtsilä Corporation’s current holding in Wärtsilä India Ltd totals 89.7% of the share capital.
Raimo Lind, Executive Vice President & CFO, Wärtsilä Corporation, tel. +358 10 709 5640.