Metsäliitto Cooperative has signed a EUR 75 million loan agreement with the European Investment Bank
Metsä Group Press Release 12 June 2015
Metsäliitto Cooperative, the parent company of Metsä Group, has today signed a EUR 75 million loan agreement with the European Investment Bank (EIB). The loan relates to the financing of Metsä Fibre Corporation’s Äänekoski bioproduct mill project, announced on 11 June 2015.
The loan is amortizing with equal instalments, final repayment date being 9 years from the signing date. The loan will be submitted for backing by the EU budget guarantee under the European Fund for Strategic Investments (EFSI). The European Commission and the EIB will deploy the Investment Plan for Europe via the EFSI.
For further information, please contact:
Vesa-Pekka Takala, CFO, Metsä Group, tel. +358 (0)10 465 4260
Metsä Group is a responsible forest industry group whose products’ main raw material is wood from northern, sustainably managed forests. Metsä Group focuses on tissue and cooking papers, fresh forest fibre paperboards, pulp, wood products, and wood supply and forest services. Its high-quality products combine renewable raw materials, customer-orientation, sustainable development and innovation. Metsä Group’s sales totalled EUR 5 billion in 2014, and it employs approximately 10,500 people. The Group operates in some 30 countries. Metsäliitto Cooperative is the parent company of Metsä Group and is owned by approximately 122,000 Finnish forest owners.