The sale of SRV’s hotel in Ekaterinburg has been completed

SRV Russia Ltd, which belongs to the SRV Group, has sold on the 9th July 2008
the shares of ZAO Nordrus Hotel. The required consent of the Russian
competition authorities has been received and the transaction has been
completed. The transaction generates an operating profit of about EUR 13,5
million in the third quarter of 2008. 

ZAO Nordrus Hotel owns the 160-room hotel located in Ekaterinburg in Russia.
The hotel is operated under Park Inn brand. The buyer is Wenaas Hotel Russia
A/S, which belongs to the Norwegian Wenaas Group. 
 


SRV Group Plc
Eero Heliövaara 
CEO
 
Further information: 
Veli-Matti Kullas, Executive Vice President, SRV Russia, tel. +358 40 501 5280 
Hannu Linnoinen, Senior Executive Vice President,

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