M-real divests its Myllykoski Paper holding to UPM
M-real Corporation Press Release on 30 June 2011 M-real Corporation, a part of Metsäliitto Group, has entered into an agreement to divest to UPM-Kymmene Corporation its 35% holding in Myllykoski Paper and the capital loan M-real has granted to Myllykoski Paper. Consequently M-real books in its 2Q 2011 result before taxes a EUR 4 million impairment. M-real will classify the Myllykoski-holding according to IFRS5 as Assets Held for Sale and recognizes it to its fair value. The transaction has a EUR 10.5 million positive cash impact. This transaction is subject to the closing of UPM’s