English

M-REAL CORPORATION HAS OBTAINED TITLE TO

Report this content 


M-real Corporation Stock Exchange Bulletin 10.6.2003 at 16.00

M-REAL CORPORATION HAS OBTAINED TITLE TO THE ENTIRE SHARE CAPITAL IN
METSÄ TISSUE CORPORATION

The Arbitration Tribunal appointed by the Central Chamber of Commerce
confirmed today that M-real Corporation´s right to redeem the
minority shares in Metsä Tissue Corporation is not in dispute and
that M-real Corporation has a right to obtain title to the minority
shares by placing a security approved by the Arbitration Tribunal to
secure the payment of the redemption price.

M-real Corporation has today placed the security approved by the
Arbitration Tribunal to secure the payment of the redemption price
and has thus obtained title to the entire share capital of Metsä
Tissue Corporation in accordance with Chapter 14 Section 21 of the
Companies Act.

The redemption price will be paid to the minority shareholders of
Metsä Tissue Corporation as soon as possible after the arbitration
award regarding the redemption price, which will be rendered at a
later date, has gained legal force.

Metsä Tissue Corporation has today filed an application for the
delisting of its shares from the Main List of the Helsinki Exchanges.

M-REAL CORPORATION

Further information:

Veli-Matti Mynttinen, Executive Vice President & CFO, M-real
Corporation, tel. +358 10 469 4655, Mobile +358 50 2895

Subscribe