UPM to sell its hydro power facilities in Steyrermühl to Energie AG
(Thomson Reuters ONE) -
(UPM, Helsinki, 30 March 2017 at 08:30 EET) - UPM has signed an agreement on the
sale of its hydro power facilities in Steyrermühl, Austria to Energie AG, an
energy infrastructure company, located in Upper Austria.
The sale and purchase agreement is still subject to third party approvals. The
parties have agreed not to disclose the purchase price.
"With their broad experience and best available technology in hydro power
generation the Austrian wide well-known EAG could better develop and optimize
the hydro power facilities at the river Traun further, where the company already
operates other hydro power assets," says Rainer Häring, Director Energy, Western
Europe, UPM Paper ENA.
For further information please contact:
Rainer Häring, Director Energy, Western Europe, UPM Paper ENA, tel.
+49 173 9001470
Michael Frostel MSc, Energie AG, Upper Austria, tel. +43 5 9000 3993
Wolfgang Denk MSc, Energie AG, Upper Austria, tel. +43 5 9000 3569
For local information, please contact:
Ernst Spitzbart, General Manager, UPM Steyrermühl, tel. +43 7613 8900 359
UPM, Media Relations
Mon-Fri 9:00-16:00 EET
tel. +358 40 588 3284
media(at)upm.com
About EAG
The Energie AG is the number one infrastructure group in Upper Austria. With
their specialized business segments and subsidiary companies EAG works in the
fields of energy, water and waste disposal, both in Austria and abroad. Thanks
to the close cooperation among the business segments, the companies of the group
and the holdings, EAG is able to offer their customers a wide range of high-
quality products and services.
About UPM Paper ENA
UPM Paper ENA (Europe and North America) is the world's leading producer of
graphic papers, offering an extensive product range for advertising and
publishing as well as home and office uses. The high performing papers and
service concepts of UPM add value to our customers' businesses, while activity
fulfilling demanding environmental and social responsibility criteria. With
headquarters in Germany, UPM Paper ENA employs approximately 8,000 people. More
about UPM Paper ENA and its products at www.upmpaper.com
UPM
Through the renewing of the bio and forest industries, UPM is building a
sustainable future across six business areas: UPM Biorefining, UPM Energy, UPM
Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. Our products are
made of renewable raw materials and are recyclable. We serve our customers
worldwide. The group employs around 19,300 people and its annual sales are
approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM
- The Biofore Company - www.upm.com
Follow UPM on Twitter | LinkedIn | Facebook | YouTube | Instagram |
upmbiofore.com
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: UPM via GlobeNewswire
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