Metso completes the acquisition of Aker Kvaerner’s Pulping and Power businesses
Dec 29, 2006. Metso completes the acquisition of Aker Kvaerner’s Pulping and Power businesses
Dec 29, 2006. /Lesprom Network/. Metso Corporation has completed the acquisition of Aker Kvaerner’s Pulping and Power businesses. The businesses were transferred to Metso on December 29, 2006. The European Commission clearance for the acquisition was received on December 12, 2006.
The cash and interest-bearing debt-free acquisition price, agreed in April 2006 when the sales and purchase agreement was signed, was approximately EUR 335 million. The final transaction price will be based on the balance sheet at the time of the closing. Metso will disclose the final transaction value, including the adjustments related to the remedy package, after the parties have agreed upon the closing balance sheet.