The District Court of Helsinki has rejected the claims of Metsähallitus (Finnish Forest and Parks Service) in the raw wood case
Metsä Group Stock Exchange Release 22 June 2016 at 2 pm EET
On 22.6.2016 the District Court of Helsinki rendered its judgment in a case in which Metsähallitus claims damages from Metsäliitto Cooperative, Stora Enso Oyj and UPM-Kymmene Corporation. In its judgment the District Court rejected the claims made by Metsähallitus and ordered Metsähallitus to compensate the defendants’ legal costs.
The total amount of the joint and several claim for damages made by Metsähallitus in the District Court is 159.4 million euros. Metsäliitto Cooperative’s share of the capital of the claimed damages is 49.5 million euros. In addition to damages Metsähallitus claimed compensation for indirect damages and interests and the legal costs of Metsähallitus.
In its judgment the District Court found that the defendants’ conduct on the raw wood market in Finland during 1997–2004 has not caused damage to Metsähallitus.
The judgment of the District Court of Helsinki is not final.
Miika Arola, Group General Councel, Metsä Group, tel. +358 10 465 4205
Metsä Group is a forerunner in bioeconomy utilising renewable wood from sustainably managed northern forests. Metsä Group focuses on wood supply and forest services, wood products, pulp, fresh forest fibre paperboards and tissue and cooking papers.
Metsä Group’s sales totalled EUR 5.0 billion in 2015, and it employs approximately 9,600 people. The Group operates in some 30 countries. Metsäliitto Cooperative is the parent company of Metsä Group and owned by approximately 116,000 Finnish forest owners.