2013-02-22 08:47:41 -
Ahlstrom Corporation STOCK EXCHANGE RELEASE February 22, 2013 at 9.45
Not for distribution in or into Australia, Canada, the Hong Kong special
administrative region of the People's Republic of China, Japan, New Zealand,
South Africa or the United States.
Ahlstrom and Munksjö have today received a Statement of Objections from the
European Commission. The document issued by the EU addresses the competitive
effects of the proposed combination of Ahlstrom's Label and Processing Business
and Munksjö with respect to abrasive backings and pre-impregnated decor paper.
Ahlstrom and Munksjö are working closely with the EU Commission in order to
resolve the competition issues identified by the Commission. No final decisions
have been taken yet with regard to potential remedies. The potential effect of
any remedies on the previously identified synergies will be communicated
As a consequence of the negotiations with the EU Commission, Ahlstrom now
expects to complete the demerger of the company's Label and Processing business
in Europe and other related measures forming the first phase of the planned
transaction during the second quarter of 2013 instead of the previously targeted
first quarter of 2013. The demerger of Ahlstrom's Label and Processing business
in Brazil is still expected to be completed in the second quarter of 2013.
The EU commission opened a second phase investigation into the proposed
combination in December 2012 with respect to abrasive backings and pre-
impregnated décor papers. Following the investigation, the Commission will take
a final decision on whether the combination would significantly impede effective
competition in the European Economic Area (EEA) or any substantial part of it.
On November 27, 2012, Ahlstrom's Extraordinary General Meeting approved the
demerger concerning Ahlstrom's Label and Processing business in Europe and the
demerger concerning Ahlstrom's Label and Processing business in Brazil in
accordance with the demerger plans.
For more information, please contact:
Vice President, Communications
Tel. +358 10 888 4757
Ahlstrom in brief
Ahlstrom is a high performance fiber-based materials company, partnering with
leading businesses around the world to help them stay ahead. Our products are
used in a large variety of everyday applications, such as filters, medical gowns
and drapes, diagnostics, wallcoverings, flooring and food packaging. We have a
leading market position in the businesses in which we operate. In 2012,
Ahlstrom's net sales from the continuing operations (excluding Label and
Processing business) amounted to EUR 1 billion. Our 3,800 employees serve
customers in 28 countries on six continents. Ahlstrom's share is quoted on the
NASDAQ OMX Helsinki. More information available at www.ahlstrom.com.
This document may not be distributed in or into Australia, Canada, the Hong
Kong special administrative region of the People's Republic of China, Japan,
New Zealand, South Africa or the United States. The information contained
herein shall not constitute an offer to sell or the solicitation of an offer
to buy the securities referred to herein in any jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration,
exemption from registration or qualification under the securities laws of
any such jurisdiction.
This document is not an offer for sale of securities in the United States.
Securities may not be offered or sold in the United States absent
registration or an exemption from registration under the U.S. Securities Act
of 1933, as amended. Ahlstrom Corporation, Munksjö AB and Munksjö
Corporation have not registered, and do not intend to register, any offering
of the Munksjö shares in the United States. There will be no public offering
of the Munksjö shares in the United States.
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communicated, falling within Article 49(2)(a) to (d) of the Order or (iv)
persons who are members or creditors of the company to which this
communication relates, falling within article 43(2) of the Order (all such
persons in (i), (ii) (iii) and (iv) above together being referred to as
"relevant persons"). Any investment activity to which this document relates
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Source: Ahlstrom Oyj via Thomson Reuters ONE