Site Search

DEUTSCH All Languages

Companies in the News

M-real Oyj (HEL:MRL) M-real's Divestment Of Graphic Papers Expected To Be Closed At Year End 2008

M-real Oyj (HEL:MRL) M-real Corporation Stock Exchange Release 15 December 2008

In late September 2008, M-real announced the sale of its Graphic Papers business to the South African Sappi Limited for EUR 750 million.

The transaction includes the Kangas, Kirkniemi, Biberist and Stockstadt mills with a total coated paper production capacity of about 1.9 million tons per annum as well as several long-term commercial agreements.

The competition authorities approved the transaction in October 2008. In early November 2008 Sappi's extraordinary shareholders' meeting accepted the deal and Sappi's rights offering was initiated. Sappi's rights offering was well received by the market and investors and it was successfully finalized on 12 December 2008.

The closing conditions have been satisfied and the transaction is expected to be closed at year end 2008.

M-REAL CORPORATION

Further information: Seppo Parvi, CFO, tel. +358 10 465 321 Juha Laine, Vice President, IR and Communications, tel. +358 10 465 4335

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

M-real Oyj

http://www.m-real.com

ISIN: FI0009000665

Stock Identifier: XHEL.MRL

Verbundene Unternehmen

M-real Oyj

ABN Newswire Diese Seite wurde besucht: (letzten 7 Tagen: 13) (letzten 30 Tagen: 28) (seit Veröffentlichung: 1337)