May 03, 2012. Metsä Board Corporation, part of Metsä Group, announced on 11 April 2012 that it had agreed to divest 7.3 percentage points of its shareholding in Metsä Fibre Oy to the Japan-based Itochu Corporation. The closing of the divestment was subject to German competition authority approval. The divestment was closed on 3 May 2012 based on earlier announced facts.
Metsä Board’s divestment of 7.3 percentage point shareholding in Metsä Fibre to Itochu Corporation closed
May 03, 2012. /Lesprom Network/. Metsä Board Corporation, part of Metsä Group, announced on 11 April 2012 that it had agreed to divest 7.3 percentage points of its shareholding in Metsä Fibre Oy to the Japan-based Itochu Corporation. The closing of the divestment was subject to German competition authority approval. The divestment was closed on 3 May 2012 based on earlier announced facts, as the company said in a press release received by Lesprom Network.
After the closing of the transaction, Metsä Board owns 24.9%, Metsäliitto Cooperative 50.2% and Itochu Corporation 24.9% of Metsä Fibre.
