, July 31, 2008

Ordina completes sale Technical Automation activities

Ordina completed today the sale of the unit Ordina Technical Automation B.V. (TA). The NMa (Netherlands Competition Authority) approved the transition of activities to TA’s current Board of Directors along with Gilde Equity Management Benelux (GEM).

June 16th Ordina announced the agreement with GEM to sell all of its shares in TA for an amount of 30 million Euro, on a cash- and debt free base. The effective date of the sale of Ordina Technical Automation B.V. will be the 1st of January 2008. More information on the effects of the sale will be made available at the presentation of the interim results on the 19th of August.