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UPM-Kymmene Corporation Updates on Mills Sales

Thursday, 18 Jul 2013 06:15am EDT 

UPM-Kymmene Corporation announced that the Company has received a conditional offer for Aigrefeuille further processing mill. The Aigrefeuille conditional offer will now be submitted to employee information and consultation. The Company expects to finalize the process by mid-September. UPM’s plan to sell the Aigrefeuille mill, was announced on January 17, 2013. The Company also announced that it continues the Docelles mill sales process and is still working with interested parties to develop a credible offer for the mill. The plan of sale or other exit of the UPM Docelles mill as well as the functional streamlining was originally announced on January 17, 2013. 

Company Quote

-0.11 -0.81%
11:29am EST