Metsä Group’s and Itochu’s transaction has been closed

On 11 April 2012, Metsä Group’s parent company Metsäliitto Cooperative, Metsä Board and Japanese Itochu Corporation agreed on a transaction in which Itochu will acquire a 24.9 per cent strategic stake in Metsä Fibre Corporation. The transaction was subject to the approvals by the German competition authorities. The required approvals have now been granted, and the transaction has been closed on 3 May 2012.

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

 

About Us

Metsä Fibrewww.metsafibre.com Metsä Fibre is a leading producer of bioproducts and bioenergy. The company’s pulp brand is Botnia and the sawn timber brand is Metsä Nordic Timber. The company’s bleached softwood and birch pulp grades have been developed for the production of high-quality board, tissue and printing paper and speciality products. The main applications for spruce and pine sawn timber are products for construction and interior decoration as well as window and door joinery and raw material for packaging industry. Currently employing approximately 1 200 people, the company’s sales totalled EUR 1.4 billion in 2016. Metsä Fibre is part of Metsä Group.

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