English

M-REAL HAS MADE THE FINAL BID FOR THE PO

Report this content 


M-real Corporation Stock Exchange Announcement 10.9.2003 at 10.00

M-REAL HAS MADE THE FINAL BID FOR THE PORTUCEL STAKE

M-real Corporation has made the final bid for a minority shareholding
of 25 % in Portucel on September 9, 2003. M-real decided not to make
any material changes in the content of the original bid. The price
set by the Portuguese government is approximately 400 MEUR. The value
of the office paper business in M-real´s bid is approximately 1 000
MEUR.

The original bid was made on June 4, 2003.

The Portuguese government is expected to publish their proposal for
the Portucel Shareholders´ Meeting within a few weeks.


M-REAL CORPORATION

Jouko M. Jaakkola
President and CEO

For further information, please contact:

Jouko M. Jaakkola, President and CEO, +358 10 469 4118

Subscribe