SOURCE: Neste Oil Oyj

October 30, 2006 08:56 ET

NESTE OIL CLOSES TRANSACTION OF 73 TRAFFIC STATION PROPERTIES

ESPOO, FINLAND -- (MARKET WIRE) -- October 30, 2006 --



Neste Oil has closed the transaction concerning the sale of 73 traffic station properties in Finland to an international investment company. The transaction was valued at EUR 118 million, and the company expects to book a capital gain of approximately EUR 65 million on the sale in its full-year result. The transaction was originally announced on 16 October 2006. The sale will not impact the operations of the Neste stations in question.

Neste Oil Corporation
Osmo Kammonen
Senior Vice President, Communications
Neste Oil Corporation is a refining and marketing company focusing on advanced, clean traffic fuels. The company's strategic focus is to grow in both oil refining and advanced biodiesel production. Neste Oil's refineries are located in Porvoo and Naantali in Finland, and have a total refining capacity of approx. 250,000 bbl/d. The company employs around 4,600 people. Neste Oil is listed on the Helsinki Stock Exchange (symbol: NES1V). For further information, see www.nesteoil.com.


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Contact Information


  • Contact:
    Neste Oil Corporation
    Osmo Kammonen
    Senior Vice President, Communications
    +358 10 458 4885