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Metso Oyj Updates on Demerger of Pulp, Paper and Power Business

Wednesday, 5 Jun 2013 07:50am EDT 

Metso Oyj announced that Metso's Board of Directors has appointed Mr. Pasi Laine as President and Chief Executive Officer of the new company to be demerged from Metso Oyj and listed on the NASDAQ OMX Helsinki stock exchange. The demerger plan to separate Metso's Pulp, Paper and Power business into a separate listed company to be named Valmet Corporation is subject to the Company's Extraordinary General Meeting's (EGM's) approval. If approved, the appointment of Mr. Pasi Laine will take effect on the planned registration date of the demerger, December 31, 2013. Metso plans to hold an EGM on or about October 1, 2013. 

Company Quote

-0.6 -1.68%
11 Jul 2014