M-real Corporation Stock Exchange Bulletin, 20.1.2003 at 17.30
M-REALS SHAREHOLDING IN METSÄ TISSUE EXCEEDS 90 PERCENT
M-real Groups shareholding in Metsä Tissue Corporation has today
exceeded 90 percent of all the shares in the company.
According to the Finnish Companies Act, M-real has thus a right of
redemption to the rest of Metsä Tissue shares. M-real intends to
commence the redemption procedure under the Companies Act as soon as
it is practicable.
Through its full ownership, M-reals intention is to facilitate the
further development of Metsä Tissue in accordance with the companys
own objectives and with possible other partners. M-reals intention is
that Metsä Tissue will apply for de-listing of its shares from the
Helsinki Exchanges at the latest after M-real has gained title to all
the shares of Metsä Tissue.
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.