Metso Evaluates Possible Delisting from the New York Stock Exchange
Helsinki, Finland, 03 April 2007 -- Metso Corporation's board of directors has decided to evaluate the possible deregistration and delisting of Metso Corporation's shares from the New York Stock Exchange in view of the revisions to the U.S. Securities Exchange Act of 1934 published by the U.S. Securities and Exchange Commission on 27 March 2007, which will take effect in early June 2007. Metso Corporation's board will decide on the matter later this year after having completed the evaluation.
Irrespective of the final decision on the matter, Metso intends to continue to develop its business operations in the United States and its strong relationship with American investors. In 2006, Metso's financial reporting systems were fully compliant with Section 404 of the U.S. Sarbanes-Oxley Act, and the company intends to maintain its high standard of corporate governance, financial reporting, and ongoing disclosure for all investors.
Metso is a global engineering and technology corporation with 2006 net sales of approximately EUR 5 billion. Its 25,500 employees in more than 50 countries serve customers in the pulp and paper industry, rock and minerals processing, the energy industry, and selected other industries. For more information, visit