Valmet completes 14.9% ownership acquisition of Neles
Valmet Oyj’s press release on July 1, 2020 at 2:00 p.m. EET Valmet has today completed the acquisition of 22,374,869 shares of Neles Corporation from Solidium Oy, representing 14.88% of all Neles’ shares and votes. The transaction between Valmet and Solidium was published in a stock exchange release on June 17, 2020. The agreed purchase price is EUR 8.00 per share, corresponding to a total transaction value of EUR 179 million at the signing, paid 100% in cash. The price will be adjusted based on Neles’ share price development during certain limited time period. The possible adjustment