2013-03-20 09:03:55 -
Ahlstrom Corporation STOCK EXCHANGE RELEASE March 20, 2013 at 10.00 EET
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 filed a remedy proposal to the European Commission
related to the proposed combination of the Label and Processing business and
Munksjö with respect to abrasive backings and pre-impregnated décor paper
Under the remedy proposal, Ahlstrom proposes that the abrasive backings and pre-
impregrated décor paper lines in Osnabrück, Germany, will be divested to a third
party in order to resolve the competition issues identified by the Commission.
The potential effect of the proposed remedies on the previously identified
synergies will be communicated in due course.
Following the remedy
proposal, the EU Commission has extended the review phase
related to the transaction until May 16, 2013.
The demerger of Ahlstrom's Label and Processing business in Europe is expected
to be completed in the second quarter of 2013. However, as a consequence of the
extended review by the EU, Ahlstrom expects to complete the demerger of the
company's Label and Processing business in Brazil during the second half of
2013 instead of the previously targeted second quarter of 2013. The company will
arrange a new Extraordinary General Meeting for the shareholders later in the
year to decide on the demerger process related to the Brazilian business.
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.
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
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
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Source: Ahlstrom Oyj via Thomson Reuters ONE