Jan 10, 2014. /Lesprom Network/. Ahlstrom has sold 2,314,000 shares in Munksjö Oyj for approximately Euro 11.8 million. Ahlstrom's holding in Munksjö is included in other investments in the balance sheet and is valued at fair value. Ahlstrom will book a capital loss of Euro 0.7 million from the transaction in its 1Q 2014 financial accounts, as the company said in the press release received by Lesprom Network. 

Based on a price risk sharing agreement between Ahlstrom and EQT, the largest shareholder in Munksjö, Ahlstrom is entitled to compensation from EQT in Munksjö shares for 50% of the difference between the original subscription price of the sold shares and the selling price. Due to the agreement Ahlstrom has recorded in the 2013 financial accounts an income of Euro 3.8 million and will record a further income of 0.4 million in its 1Q 2014 financial accounts. In total, the impact on Ahlstrom's equity will be negative Euro 0.4 million.

"This was the appropriate time to reduce our shareholding in Munksjö given the interest in the market. By this transaction we strengthen our balance sheet, and at the same time Munksjö's shareholder base will be broadened," said Ahlstrom's President & CEO Jan Lång.

A total of 700,000 of the sold shares valued at approximately Euro 3.57 million are sold to Vimpu Intressenter Ab, the largest shareholder of Ahlstrom.

Following the sale of shares, Ahlstrom's shareholding in Munksjö will be 6,767,220 shares, representing 13.25% of total shares. Assuming EQT will compensate Ahlstrom in Munksjö shares, Ahlstrom's shareholding in Munksjö will increase to 7,585,873, or 14.86% of the total shares.