Helsinki, Finland, 2014-02-25 12:35 CET (GLOBE NEWSWIRE) --
MUNKSJÖ OYJ, STOCK EXCHANGE RELEASE 25 February 2014 at 12.35 pm CET
Munksjö Oyj: Munksjö and Ahlstrom have received a Statement of Objections from
the European Commission
Munksjö Oyj, Munksjö AB and Ahlstrom Corporation have today received a
Statement of Objections from the European Commission with respect to alleged
incorrect or misleading information provided in connection with the merger
notification to the European Commission, submitted on 31 October 2012,
regarding the business combination of Munksjö AB and Ahlstrom Corporation's
Label and Processing business. The combination was completed in two phases
Munksjö Oyj and Ahlstrom Corporation disagree with the preliminary position
expressed by the European Commission. Munksjö Oyj and Ahlstrom Corporation take
this matter seriously and will respond to the Statement of Objections in due
course with a view to clearing any misunderstandings.
A Statement of Objections is a procedural document where the European
Commission sets out its preliminary view in relation to a possible infringement
of EU competition rules and allows its addressees to present arguments in
response. A Statement of Objections is, consequently, a preparatory document
that does not prejudge the European Commission's final decision.
Any final decision by the European Commission is subject to appeal to the
European Courts. The maximum fine for any violations of the legal provision
quoted by the European Commission in Article 14.1(a) of the Merger Regulation
may lead to a fine not exceeding 1% of the aggregate turnover of the
undertakings (companies) concerned.
The European Commission's ongoing investigation does not affect the approval of
the combination granted in 2013.
For more information, please contact:
Gustav Adlercreutz, Senior Vice President and General Counsel, tel. +358 10 234
Munksjö - Materials for innovative product design
The Munksjö Group is an international specialty paper company with a unique
product offering for a large number of industrial applications and
consumer-driven products. Founded in 1862, Munksjö is among the leading
producers in the world of high-value added papers within attractive market
segments such as Decor paper, Release Liners, Electrotechnical paper, Abrasive
backings and Interleaving paper for steel. Given Munksjö's global presence and
way of integrating with its customers' operations, the company forms a global
service organisation with approximately 3,000 employees. Production facilities
are located in France, Sweden, Germany, Italy, Spain, Brazil and China. Munksjö
Oyj is listed on NASDAQ OMX Helsinki. Read more at www.munksjo.com.