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Ahlstrom Oyj Announces Determination of Acquisition Costs of Ahlstrom and Munksjo Oyj Shares for Finnish Taxation in Connection with Partial Demerger of Label Processing Business in Europe

Monday, 24 Jun 2013 02:00am EDT 

Ahlstrom Oyj announced that Ahlstrom's Label and Processing business in Europe (LP Europe) was transferred to Munksjo Oyj through a partial demerger, which was registered with the Finnish Trade Register on May 27, 2013. The original acquisition cost of Ahlstrom shares will be divided between Ahlstrom shares and Munksjo shares received in the demerger in Finnish income taxation. The acquisition cost is used for the calculation of capital gains and/or losses from share transactions for the basis of Finnish taxation. Based on the average weighted trading prices, the proportion of the current values of Munksjo and Ahlstrom shares do not differ significantly from the proportion of net assets of LP Europe and the total net assets of Ahlstrom. Thus, the original acquisition cost of Ahlstrom's shares is divided based on the proportion of net assets at the effective time of the demerger. LP Europe's transferred net assets were 11.3% of the total net assets of Ahlstrom. Ahlstrom shareholder received one Munksjo Oyj share for each four shares held in Ahlstrom prior to the completion of the LP Europe demerger. Of the original acquisition cost of one Ahlstrom share, 11.3% will be transferred to an acquisition cost of 0.25 Munksjo share. 

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19 Dec 2014