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Metsäliitto will not appeal the infringement fines imposed by the Market Court (17 December 2009)

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Metsäliitto Group Press release 17 December 2009


Metsäliitto has decided not to appeal the Supreme Administrative Court
regarding the Market Court ruling published on 3 December 2009, even though the
company does not share the Market Court's view of the case. 

The Market Court imposed an infringement fine of EUR 21 million on Metsäliitto
Cooperative for breach of the competition legislation during the period
1997-2004. According to the Market Court, this was a case of forbidden
collaboration between forest companies with the intention of influencing the
price trends of raw wood in order to keep them stable. However, the Court did
not find that the forest companies would have fixed the prices to the
disadvantage of forest owners, nor was the collaboration shown to have
detrimental effects on the raw wood markets. 

Additional information:

Esa Kaikkonen, General Counsel, Metsäliitto Group, tel. +358 10 465 4749

Anne-Mari Achrén, Group CCO, Metsäliitto Group, tel. +358 10 465 4541

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