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Metso to gain Valmet shares


June 7, 2004
By Pulp & Paper Canada

Metso is gearing up to reacquire ThyssenKrupp’s shares in Valmet Automotive. The announcement comes on the heels of…

Metso is gearing up to reacquire ThyssenKrupp’s shares in Valmet Automotive. The announcement comes on the heels of ThyssenKrupp Automotive AG’s decision to not annex the shares and to surrender its 10% minority shareholding in the car manufacturer. A date for Metso’s acquisition has yet to be determined. However, according to the reacquisition conditions of the minority ownership, Metso will reverse EUR 5 million of the originally booked approximate EUR 10 million gain from the 2001 sale of the 10% stake during the second quarter of 2004.

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