Mar 13, 2015. /Lesprom Network/. Sonae Indústria's indirect affiliate, Isoroy SAS, has entered into an agreement for the sale of the business and assets relating to its Ussel plant, located in France, including the transfer of the employees dedicated to this business, as the company said in the press release received by Lesprom Network. 

Based on the consolidated accounts as at 31 December 2014, the present transaction is estimated to have no impact on the consolidated shareholders’ funds of Sonae Indústria, SGPS, SA.

The completion of the transaction is subject to certain conditions, mainly related with pre-emption rights of the local municipalities in respect of the real estate and administrative authorisations, and is expected to take place by the end of March 2015.

The decision to sell the business and assets of the Ussel plant is aligned with Sonae Indústria’s strategy of optimizing its industrial footprint.

Sonae Indústria is one of the largest wood-based panel producers in the world.