Metsä Board’s divestment of 7.3 percentage point shareholding in Metsä Fibre to Itochu Corporation closed

Metsä Board Corporation Stock Exchange Release 3 May 2012 at 16.30 EET


Metsä Board Corporation, part of Metsä Group, announced on 11 April 2012 that it had agreed to divest 7.3 percentage points of its shareholding in Metsä Fibre Oy to the Japan-based Itochu Corporation.

The closing of the divestment was subject to German competition authority approval. The divestment was closed on 3 May 2012 based on earlier announced facts.

After the closing of the transaction, Metsä Board owns 24.9 per cent, Metsäliitto Cooperative 50.2 per cent and Itochu Corporation 24.9 per cent of Metsä Fibre.

METSÄ BOARD CORPORATION

For further information, please contact:

Matti Mörsky, CFO, tel. +358 10 465 4913
Juha Laine, Vice President, Investor Relations and Communications, tel. +358 10 465 4335

About Us

Metsä Boardwww.metsaboard.com Metsä Board is a leading European producer of premium fresh fibre paperboards including folding boxboards, food service boards and white kraftliners. Our lightweight paperboards are developed to provide better, safer and more sustainable solutions for consumer goods as well as retail-ready and food service applications. We work together with our customers on a global scale to innovate solutions for better consumer experiences with less environmental impact. The pure fresh fibres Metsä Board uses are a renewable resource, traceable to origin in sustainably managed northern forests. The global sales network of Metsä Board supports customers worldwide, including brand owners, retailers, converters and merchants. In 2017, the company’s sales totalled EUR 1.8 billion, and it has approximately 2,350 employees. Metsä Board, part of Metsä Group, is listed on the Nasdaq Helsinki.

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