The Supreme Court has rejected the application of Metsähallitus for leave to appeal in the raw wood case

Metsä Group Stock Exchange Release 29 January 2019 at 10:15 am EET

In May 2018, the Helsinki Court of Appeal rendered its judgement in a case in which Metsähallitus claimed the judgment of the Helsinki District court rendered in June 2016 to be overturned as well as damages from Metsäliitto Cooperative, Stora Enso Oyj and UPM-Kymmene Corporation based on their conduct on the raw wood market 1997–2004. In its judgment, the Court of Appeal found that Metsähallitus has not presented evidence that the conduct of the companies had price reducing effects and thus the Court of Appeal rejected the claims made by Metsähallitus and ordered Metsähallitus to compensate the defendants’ legal costs.

Metsähallitus applied for leave to appeal the judgment of the Court of Appeal from the Supreme Court. The Supreme Court has in a decision rendered 29.1.2019 rejected the leave for appeal application, meaning that the judgment of the Helsinki Court of Appeal is final.  

METSÄ GROUP

For further information, please contact:
Miika Arola, SVP Legal Services, Group General Counsel, Metsä Group, tel. +358 10 465 4205

Metsä Group
www.metsagroup.com

Metsä Group is a forerunner in sustainable bioeconomy utilising renewable wood from sustainably managed northern forests. Metsä Group focuses on wood supply and forest services, wood products, pulp, fresh fibre paperboards and tissue and cooking papers.

Metsä Group’s sales totalled EUR 5.0 billion in 2017, and it employs approximately 9,100 people. The Group operates in nearly 30 countries. Metsäliitto Cooperative is the parent company of Metsä Group and is owned by approximately 104,000 Finnish forest owners.

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