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Metsä-Botnia sells its share from Transfennica - Dutch Spliethoff to buy majority of Transfennica Ltd

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The Finnish forest industry companies UPM-Kymmene, M-real, Metsä-Botnia and
Myllykoski Paper have signed an agreement to sell 51% of Transfennica Ltd to
the Dutch shipping company Spliethoff.  The sale is subject to the Finnish
competition authorities' approval. 


The parties have also agreed on mutual sales/purchasing options regarding the
remaing minority shares. 
 
Transfennica will continue and develop its liner operations independently in
its market segment. The selling companies will continue to use Transfennica's
services. Transfennica continues providing high quality service to its
customers. 
In the new ownership structure, Transfennica will also have access to
Spliethoff's worldwide fleet consisting of 50 modern multipurpose vessels.
Working side by side the companies will be able to offer an integrated and more
extensive package of services in the international transport market. 

For further information, please contact:
Metsä-Botnia,  Jukka Forsström, Senior Vice President, Finance, + 358 10 4694
674

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