Metsäliitto Cooperative’s participation in Metsä Board’s share offering

Metsä Group Stock Exchange Release 26 February 2015 at 2.45 pm EET


Metsä Board Corporation, part of Metsä Group, has today published a stock exchange release announcing that the company’s Board of Directors has decided on an approximately EUR 100 million share offering. Metsä Board will use the gross proceeds from the offering to finance the final steps of the company’s transformation plan.

As Metsä Board’s principal shareholders, Metsäliitto Cooperative and its subsidiaries have given an irrevocable commitment to subscribe for their pro-rata share, amounting to approximately EUR 43 million, in the share offering. 

Metsäliitto Cooperative and its subsidiaries own in total 42.53 percent of the shares and control 62.25 percent of the voting rights in Metsä Board.


METSÄ GROUP
Group Communications

For further information, please contact:
Vesa-Pekka Takala, CFO, Metsä Group, tel. +358 (0)10 465 4260
Reeta Kaukiainen, SVP, Communications, Metsä Group, tel. +358 (0)10 465 4541, +358 (0)50 522 0924


www.metsagroup.com

Metsä Group is a responsible forest industry group whose products’ main raw material is renewable and sustainably grown Northern wood. Metsä Group focuses on tissue and cooking papers, fresh forest fibre paperboards, pulp, wood products, and wood supply and forest services. Its high-quality products combine renewable raw materials, customer-orientation, sustainable development and innovation. Metsä Group’s sales totalled EUR 5.0 billion in 2014, and it employs approximately 10,500 people. The Group operates in some 30 countries. Metsäliitto Cooperative is the parent company of Metsä Group and is owned by approximately 122,000 Finnish forest owners.