M-real Corporation Stock Exchange Bulletin, 20.1.2003 at 16.00
M-REALS SHAREHOLDING IN METSÄ TISSUE
M-real Corporation announces that it has today acquired from SCA all
of its 5,781,200 shares in Metsä Tissue Corporation (corresponding to
19.27 percent of the shares). The transaction is carried out as a
block trade on the Helsinki Exchanges between M-reals wholly owned
subsidiary M-real Tissue Oy and SCAs wholly owned subsidiary. The
purchase price was EUR 12.30 per share.
As a result of the transaction, M-reals shareholding in Metsä Tissue
increases to equal 84.85 % of the shares. According to the Finnish
Securities Market Act M-real is thus obligated to make a mandatory
redemption offer for the remaining shares and securities entitling to
shares in Metsä Tissue. M-real will launch the redemption offer as
soon as practically possible and will notify this separately. The
redemption offer price will be EUR 12.30 per share. M-real aims at
full shareholding of Metsä Tissue.
The increase of M-reals shareholding in Metsä Tissue does not
influence Metsä Tissues business, and its development as an
independent company will continue. The transaction has no significant
effect on M-reals financial position.
Executive Vice President & CFO
For more information, please contact:
Jouko M. Jaakkola, President & CEO, M-real Corporation
tel. +358 10469 4118, Mobile +358 50 2261
Veli-Matti Mynttinen, Executive Vice President & CFO, M-real
Corporation, tel. +358 10469 4655, Mobile +358 50 2895
Metsä Board is a leading European producer of premium fresh fibre paperboards and forerunner in sustainability. We produce premium lightweight folding boxboards, food service boards and white kraftliners for consumer goods packaging as well as retail-ready and food service applications. We work together with our customers on a global scale to innovate solutions for better consumer experiences with less environmental impact. The pure fresh fibres Metsä Board uses are a renewable resource, traceable to origin in sustainably managed northern forests. We aim for completely fossil-free mills and raw materials by 2030. The global sales network of Metsä Board supports customers worldwide, including brand owners, retailers, converters and merchants. In 2019, the company’s sales totalled EUR 1.9 billion, and it has approximately 2,400 employees. Metsä Board, part of Metsä Group, is listed on the Nasdaq Helsinki.