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Ahlstrom Oyj Sign New Demerger Plan Relating to Coated Specialties Business in Brazil

Monday, 13 May 2013 11:17am EDT 

Ahlstrom Oyj announced that its Board of Directors signed on May 13, 2013 a new demerger plan related to Coated Specialties, Ahlstrom's Label and Processing business in Brazil, and cancelled the previous Coated Specialties demerger plan. Under the signed demerger plan, all the assets and liabilities contained in the Ahlstrom Group, that belong to the Coated Specialties business in Brazil, will be transferred to Munksjo Oyj through a partial demerger. The demerger is part of the process through which Ahlstrom's Label and Processing business and Munksjo AB will be combined. The signing of the new demerger plan and cancellation of the previous one were needed since Ahlstrom and Munksjo will not be able to receive all relevant regulatory approvals before May 27, 2013, when the demerger decision made by Ahlstrom's Extraordinary General Meeting of the Shareholders expires. As announced before, Ahlstrom expects to complete the demerger of the Label and Processing business in Brazil during the second half of 2013. 

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-0.15 -1.89%
11:29am EDT