Demerger of Ahlstrom's Label and Processing business in Brazil registered with the Finnish Trade Register
(Thomson Reuters ONE) -
Ahlstrom Corporation STOCK EXCHANGE RELEASE December 2, 2013 at 9.00
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 demerger of Ahlstrom's Label and Processing business in Brazil (Coated
Specialties) has today been registered with the Finnish Trade Register.
A total of 12,291,991 new shares in Munksjö Oyj were issued as demerger
consideration to Ahlstrom's shareholders in the Coated Specialties demerger.
The demerger is the final step in the process through which Ahlstrom's Label and
Processing business and Munksjö AB are combined.
"We are very pleased that this major undertaking is now complete. We can now put
all our efforts into executing Ahlstrom's new growth strategy, which we have
built during this year. Our first and foremost priority is to improve
profitability and to seek and win new business based on the current platform now
established," said Jan Lång, President & CEO at Ahlstrom.
The new Munksjö shares are expected to be registered on the book-entry accounts
of the shareholders during the course of the day. As of today, the shares of
Ahlstrom do not entitle to any shares in Munksjö Oyj as consideration for the
Coated Specialties demerger. The trading with Munksjö's shares received as a
demerger consideration in the Coated Specialties demerger will commence on the
Helsinki Stock Exchange today.
Based on the terms of the Business Combination Agreement related to Ahlstrom's
Label and Processing business and Munksjö AB, Ahlstrom and Munksjö have agreed
on the effects of certain supplier finance arrangements on the transaction. The
parties have agreed that as a final settlement of the matter, Ahlstrom will pay
a total of EUR 9.5 million to the reserve for invested unrestricted equity of
Munksjö Oyj.
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 24 countries. 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 GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(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 GlobeNewswire
[HUG#1746903]
Unternehmensinformation / Kurzprofil:
Datum: 02.12.2013 - 08:01 Uhr
Sprache: Deutsch
News-ID 321557
Anzahl Zeichen: 5756
contact information:
Town:
Helsinki
Kategorie:
Business News
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