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Agency / Source: Metso Corporation

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Metso Corporation's Holding in Valmet Automotive to be Reduced as Part of Internal Asset Restructuring - Metso Corporation and Metso Paper Oy have concluded an arrangement under which an approximately 19.7% stake in Valmet Automotive Oy will be transferred from Metso Corporation to Metso Paper Oy as of December 31, 2013 - Metso.com
Metso Corporation's Holding in Valmet Automotive to be Reduced as Part of Internal Asset Restructuring

 

PRZOOM - /newswire/ - Helsinki, Finland, 2013/12/30 - Metso Corporation and Metso Paper Oy have concluded an arrangement under which an approximately 19.7% stake in Valmet Automotive Oy will be transferred from Metso Corporation to Metso Paper Oy as of December 31, 2013 - Metso.com. MEO1V.HE

   
 
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As a result, Metso's holding in Valmet Automotive will drop from its current level of approximately 61% to approximately 41% and Valmet Automotive will cease to be a Metso subsidiary.

This in turn will mean that Valmet Automotive will no longer be consolidated as a separate entity in Metso's consolidated financial statements and will instead be reported as an affiliated company. Metso and Metso Paper will both treat their holdings in Valmet Automotive as financial investments in the future.

Metso (metso.com) is a global supplier of technology and services to customers in the process industries, including mining, construction, pulp and paper, power, and oil and gas. Our 30,000 professionals based in over 50 countries contribute to sustainability and deliver profitability to customers worldwide. Metso’s shares are listed on the NASDAQ OMX Helsinki Ltd.

Contacts:
Harri Nikunen, CFO, Metso Corporation, T: +358 20 484 3010
Juha Rouhiainen, VP, Investor Relations

Distribution: NASDAQ OMX Helsinki Ltd

 
 
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Agency / Source: Metso Corporation

 
 

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Metso Corporation's Holding in Valmet Automotive to be Reduced as Part of Internal Asset Restructuring

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Metso Corporation |
Contact: Press Office - Metso.com 
+358 20 484 100 metso.info[.]metso.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Metso Corporation securities in any jurisdiction including any other companies listed or named in this release.

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