Aug 02, 2004. /Lesprom Network/. M-real Corporation acquires Metsдliitto Cooperative's and UPM-Kymmene's stakes (a total of 53%) in Kemiart Liners Oy. The purchase price of the shares is about Euro 13 million ($15.7 million) and additionally M-real's interst bearing net debt will increase by about Euro 23 million. As a result, Kemiart Liners will become wholly owned by M-real. The arrangement is expected to marginally enhance M-real's earnings per share for 2004.Oy Metsд Botnia Ab's Kemiart Liners business was formed into a company in April 2002 under the ownership of M-real (47%), UMP-Kymmene (47%) and Metsдliitto Cooperative (6%). At the time, the shareholders agreed to work out the final ownership structure for Kemiart Liners by the end of 2004.Kemiart Liners is the world's leading producer of coated white-top kraftliner. It's full ownership will strengthen M-real's Cartons business. The mill has an annual capacity of 340,000 tonnes and it employs approximately 150 people.