Metsä Board is in negotiations to divest its property in Lielahti to the City of Tampere

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| Source: Metsä Board Oyj
multilang-release

Metsä Board Stock Exchange Release 30 January 2014 at 9 am EET

Metsä Board Corporation, a part of Metsä Group, is in negotiations to divest its property in Lielahti, Tampere to the City of Tampere for EUR 26 million. The Lielahti property consists of 90 hectares of land, incl. buildings on site, and 1071 hectares of water area on Näsijärvi lake.

Closing of the transaction is subject to approvals by the City Council and City Government of Tampere City, the approval by Metsä Board’s Board of Directors as well as the finalization of the trade documentation. If the necessary approvals are received as currently planned the divestment would take effect by the end of the first quarter of 2014.

Metsä Board closed down the BCTMP pulp mill at the Lielahti site in 2008 and has not had any production operations at the site since. 
 

METSÄ BOARD CORPORATION
 
For further information, please contact:
Matti Mörsky, Senior Advisor, tel. +358 10 465 4913
Juha Laine, Vice President, Investor Relations and Communications, tel. +358 10 465 4335