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M-real agreement on pension liabilities in UK

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M-real has concluded an agreement with regard to the pension
liabilities of its UK industrial operations related to the sale of
the New Thames mill and the closure of the Sittingbourne mill, both
of which have already been announced. The combined impact of the
sales agreement and the pension liabilities arrangement on M-real's
financial result is positive, about EUR 24 million, instead of being
the neutral effect that was foreseen, and the corresponding impact on
cash flow will be approximately EUR 82 million instead of the
previously announced estimation of EUR 60 million. Approximately EUR
65 million of the cash flow impact was incurred when the New Thames
sale and the pension agreement were completed, and approximately EUR
17 million will be realised during the next 12 months.

M-REAL CORPORATION

Additional information:
Seppo Parvi, CFO, tel. +358 10 465 4321




                                            

                

            

        

    

    



    

        
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