(Finland) M-real and Arjowiggins have decided not to pursue the sale of Reflex mill. The parties entered into the sale and purchase agreement on 12 October 2007 and the transaction was conditionally approved by the European Commission on 4 June 2008. The condition was that Arjowiggins should divest Reflex mill's carbonless and digital imaging businesses to a third party. After thorough analysis, the parties conclude that the rationale to complete the transaction under the condition was considerably weakened.
Reflex mill will continue to be developed as part of M-real.
Further information:
Seppo Parvi, CFO, tel. +358 10 465 4321
Juha Laine, VP, IR and Communications, tel. +358 10 465 4335
M-real is one of Europe’s leading producers of paperboard and paper. It offers premium solutions for consumer packaging and communications and advertising end-uses. M-real’s global sales network serves the needs of publishers, printing houses, well-known brand owners and folding carton printers, merchants and offices.
M-real is part of Metsäliitto Group and is listed on the OMX Nordic Exchange Helsinki. In 2007, M-real’s sales totalled EUR 4.4 billion. M-real has over 9 000 employees.
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Reflex mill will continue to be developed as part of M-real.
Further information:
Seppo Parvi, CFO, tel. +358 10 465 4321
Juha Laine, VP, IR and Communications, tel. +358 10 465 4335
M-real is one of Europe’s leading producers of paperboard and paper. It offers premium solutions for consumer packaging and communications and advertising end-uses. M-real’s global sales network serves the needs of publishers, printing houses, well-known brand owners and folding carton printers, merchants and offices.
M-real is part of Metsäliitto Group and is listed on the OMX Nordic Exchange Helsinki. In 2007, M-real’s sales totalled EUR 4.4 billion. M-real has over 9 000 employees.
Discuss Add this link to...
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