Metsä Board Oyj
Metsä Board divests Gohrsmühle mill in Germany
Metsä Board Oyj 29.04.2015 14:00 Dissemination of a Adhoc News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Metsä Board Corporation Stock Exchange Release 29 April 2015 at 3:00 pm EET Metsä Board Corporation, a part of Metsä Group, has agreed to divest 100 per cent of its shares in Metsä Board Zanders GmbH including all related liabilities to mutares AG and its partner company. Metsä Board Zanders GmbH contains the business operations of Gohrsmühle mill located in Bergisch Gladbach, Germany. Gohrsmühle mill has approximately 480 employees and its main products are cast coated and label papers. Closing of the transaction is subject to German competition authorities' approval and it is expected to take place by the end of May 2015. The divestment would reduce Metsä Board's annual sales by approximately EUR 90 million and improve operating result by approximately EUR 20 million compared to 2014. A related positive non-recurring item of EUR 15 million is expected to be booked in Non-core operations segment's 2Q 2015 operating result. 'This is an important step in our transformation to a paperboard company and also a major profit improvement measure. mutares AG is in a good position to develop Gohrsmühle mill's businesses further together with the personnel', comments CEO Mika Joukio. mutares AG is a German industrial holding company that focuses on acquiring medium-sized companies with the goal of sustainably increasing their value in close co-operation with their management and employees. Annual sales of mutares Group was approximately EUR 650 million in 2014. mutares AG is listed in the Frankfurt stock exchange (ISIN: DE000A0SMSH2). METSÄ BOARD CORPORATION For further information, please contact: Markus Holm, CFO, tel. +358 10 465 4913 Juha Laine, Vice President, Investor Relations and Communications, tel. +358 10 465 4335 News Source: NASDAQ OMX 29.04.2015 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Metsä Board Oyj Finland Phone: Fax: E-mail: Internet: ISIN: FI0009000665 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
Aktuelle News
Aktuelle Berichte
Keine Berichte gefunden
Anstehende Events
Keine Events gefunden
Webcasts
Keine Webcasts gefunden