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Metsä Board completes sale of Hangö Stevedoring to Euroports

Metsä Board announced on 16 December 2021 that it has signed an agreement to sell its entire share capital of its fully owned subsidiary Oy Hangö Stevedoring Ab to Euroports Finland Oy. The arrangement has been completed on 31 March 2022.

The parties have mutually agreed that the transaction price will not be disclosed. The gain on sale will be recognised in Metsä Board's January-March 2022 operating result as an item affecting comparability and will not have a material impact on Metsä Board's key financials.

Hangö Stevedoring is a port operator in the Port of Hanko and its business is not part of Metsä Board's core business. In 2021, Hangö Stevedoring's sales were Euro 22 million and it had 187 employees.

Metsä Board, part of Metsä Group, is a leading European producer of premium fresh fibre paperboards.

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