Ahlstrom Corporation STOCK EXCHANGE RELEASE October 7, 2014 at 11.50
Ahlstrom Corporation to sell its shares in Suominen to Ahlström Capital
Ahlstrom Corporation, a high-performance fiber-based materials company, today announced that it has agreed to sell its 66,666,666 shares in Suominen Corporation to AC Invest Two B.V., a company within the Ahlström Capital Group. Ahlstrom will sell its 26.9% shareholding in Suominen at a price of EUR 0.50 per share, valuing the shareholding at EUR 33.3 million. The transaction is expected to be completed within the next five days.
The transaction is completed in accordance with the option arrangement announced by Ahlstrom on January 10, 2014 related to the sale of the Paulinia plant in Brazil to Suominen.
As a consequence of the transaction, based on Suominen's second-quarter 2014 financial figures, Ahlstrom Corporation will book a non-recurring gain of approximately EUR 11 million in its fourth-quarter 2014 interim results.
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Ahlstrom in brief
Ahlstrom is a high performance fiber-based materials company, partnering with leading businesses around the world to help them stay ahead. We aim to grow with a product offering for clean and healthy environment. Our materials are used in everyday applications such as filters, medical fabrics, life science and diagnostics, wallcoverings and food packaging. In 2013, Ahlstrom's net sales from the continuing operations amounted to EUR 1 billion. Our 3,500 employees serve customers in 24 countries. Ahlstrom's share is quoted on the NASDAQ OMX Helsinki. More information available at www.ahlstrom.com.