Each issue of PaperMoney is approximately 500 fact filled pages.
Logout
Click here for Pulp & Paper Radio International
Items just for you
New publication added! Advertising Arguments 2015 book
Free Downloads
Search
My Profile
Login
Management Side
Technical Side
Metsä Board has Divested the Alizay Mill Assets
Print
Espoo, Finland 23 January 2013 -- Metsä Board Corporation, a part of Metsä Group, has divested the property and production assets of its Alizay mill site in France to Conceil Général l’Eure for EUR 22 million.

Conceil Général l’Eure is intending to sell the Alizay property and assets further to one or several other operators.

The divestment of the Alizay assets does not impact Metsä Board’s annual sales and it does not have any material impact on operative result. Related to the divestment Metsä Board books approximately EUR 16 million in positive non-recurring items in the Paper and Pulp business area’s operating result. Of the non-recurring items EUR 11 million reversal of impairment according to IFRS5 will be booked in the 4Q 2012 operating result and EUR 5 million capital gain and reversal of provisions in the 1Q 2013 operating result. 

Metsä Board permanently closed down the pulp production at the Alizay site in 2010 and the paper production in early 2012 as part of the company’s strategic transformation from a paper producer to a profitable paperboard company.

 


Powered by Bondware
News Publishing Software

The browser you are using is outdated!

You may not be getting all you can out of your browsing experience
and may be open to security risks!

Consider upgrading to the latest version of your browser or choose on below: