European Commission approves the combination of Ahlstrom's Label and Processing business and Munksjö AB
(Thomson Reuters ONE) -
Ahlstrom Corporation STOCK EXCHANGE RELEASE May 24, 2013 at 12.15
Not to be distributed in or into Australia, Canada, the Hong Kong special
administrative region of the People's Republic of China, Japan, New Zealand,
South Africa or the United States.
Ahlstrom, a global high performance fiber-based materials company, announces
that the European Commission has today approved the combination of Ahlstrom's
Label and Processing business and Munksjö AB. The combination makes Munksjö Oyj
a new global leader in high-quality specialty papers.
With this approval, Ahlstrom and Munksjö are initiating the final steps of the
closing procedures of the first phase of the transaction, in which LP Europe,
the European part of Ahlstrom's Label and Processing business, is combined with
Munksjö. The completion is expected to take place on May 27, 2013 at the latest.
The clearance from CADE, the Brazilian competition authority, has been received
already.
The approval is subject to the divestiture of Ahlstrom's abrasive paper backings
and pre-impregnated decor paper lines in Osnabrück, Germany, to a third party.
Ahlstrom has started to prepare for the divestiture process and is looking into
different alternatives to divest its abrasive backings and pre-impregnated decor
paper businesses.
The divestment process does not prevent Ahlstrom from closing the first phase of
the transaction, the combination of Ahlstrom's Label and Processing European
business (LP Europe) with Munksjö, on May 27, 2013 at the latest. Ahlstrom
shareholders who hold shares in Ahlstrom or have purchased Ahlstrom shares prior
to the close of trading today will receive new shares in Munksjö Oyj as a
demerger consideration in the LP Europe Demerger.
In addition, NASDAQ OMX Helsinki Ltd (Helsinki Stock Exchange) has approved the
listing of Munksjö Oyj's shares on the official list of the Helsinki Stock
Exchange. The trading with Munksjö's shares is expected to commence
approximately on June 7, 2013.
For more information, please contact:
Liisa Nyyssönen
Vice President, Communications
Tel. +358 10 888 4757
Ahlstrom in brief
Ahlstrom is a high performance fiber-based materials company, partnering with
leading businesses around the world to help them stay ahead. Our products are
used in a large variety of everyday applications, such as filters, medical gowns
and drapes, diagnostics, wallcoverings, flooring and food packaging. We have a
leading market position in the businesses in which we operate. In 2012,
Ahlstrom's net sales from the continuing operations (excluding Label and
Processing business) amounted to EUR 1 billion. Our 3,800 employees serve
customers in 28 countries on six continents. Ahlstrom's share is quoted on the
NASDAQ OMX Helsinki. More information available at www.ahlstrom.com.
Disclaimer
This document may not be distributed in or into Australia, Canada, the Hong Kong
special administrative region of the People's Republic of China, Japan, New
Zealand, South Africa or the United States. The information contained herein
shall not constitute an offer to sell or the solicitation of an offer to buy the
securities referred to herein in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration, exemption from
registration or qualification under the securities laws of any such
jurisdiction.
This document is not an offer for sale of securities in the United States.
Securities may not be offered or sold in the United States absent registration
or an exemption from registration under the U.S. Securities Act of 1933, as
amended. Ahlstrom Corporation, Munksjö AB and Munksjö Oyj have not registered,
and do not intend to register, any offering of the Munksjö shares in the United
States. There will be no public offering of the Munksjö shares in the United
States.
This document is only being distributed to and is only directed at (i) persons
who are outside the United Kingdom or (ii) to investment professionals falling
within Article 19(5) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005 (the "Order") or (iii) high net worth companies, and other
persons to whom it may lawfully be communicated, falling within Article
49(2)(a) to (d) of the Order or (iv) persons who are members or creditors of the
company to which this communication relates, falling within article 43(2) of the
Order (all such persons in (i), (ii) (iii) and (iv) above together being
referred to as "relevant persons"). Any investment activity to which this
document relates will be only available to and will be engaged in only with,
relevant persons. Any person who is not a relevant person should not act or rely
on this document or any of its contents.
This announcement is distributed by Thomson Reuters on behalf of
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(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Ahlstrom Oyj via Thomson Reuters ONE
[HUG#1704438]
Unternehmensinformation / Kurzprofil:
Datum: 24.05.2013 - 11:15 Uhr
Sprache: Deutsch
News-ID 263258
Anzahl Zeichen: 5834
contact information:
Town:
Helsinki
Kategorie:
Business News
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"European Commission approves the combination of Ahlstrom's Label and Processing business and Munksjö AB"
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