UPM Seeks to Acquire M-real's Holdings in Myllykoski Paper Oy


Helsinki, Finland, 30 June 2011 -- UPM has conditionally agreed to acquire M-real’s holding in Myllykoski Paper Oy. UPM would acquire M-real’s 35% holding in Myllykoski Paper Oy and the capital loan M-real has granted to Myllykoski Paper Oy for a total of EUR 10.5 million.

This transaction is subject to the closing of UPM-Kymmene’s acquisition of Myllykoski Corporation and Rhein Papier GmbH and to the approval of the relevant regulatory authorities. Today’s transaction is expected to be closed toward the end of the third quarter of 2011.