Metsäliitto has received approval from authorities to sell its Norwegian subsidiary Moelven
26/01/2007
Metsäliitto Group has received approval from authorities to sell its Norwegian subsidiary Moelven. Metsäliitto has sold all of its shareholding (65.15%) in its Norwegian subsidiary Moelven Industrier ASA to a consortium comprising the Norwegian energy company Eidsiva Energi AS and five Norwegian Forest Owners’ Associations.
The total consideration is NOK 1.14 billion (approximately EUR 140 million). Metsäliitto books a gain of EUR 13 million.
Further information: Lauri Peltola, Group CCO, Metsäliitto, tel. +358 50 570 5606