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Metso given approval to split off pulp, paper, power business
October 8, 2013 By Pulp & Paper Canada
Metso Corporation’s Extraordinary General Meeting held in Helsinki October 1, approved the proposed plan for partial demerger and decided to divide Metso into two companies. Metso’s Pulp, Paper and Power business will be transferred…
Metso Corporation’s Extraordinary General Meeting held in Helsinki October 1, approved the proposed plan for partial demerger and decided to divide Metso into two companies. Metso’s Pulp, Paper and Power business will be transferred to a new company, Valmet Corporation, while the Mining and Construction and Automation business will remain part of Metso.
Under the demerger plan, all of Metso’s assets, debts, and liabilities relating to Metso’s Pulp, Paper and Power business will be transferred to Valmet. Following the demerger, Valmet will be a separate and independent public listed company. The planned registration date for the completion of the demerger is December 31, 2013.
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