Metso Corporation’s Extraordinary General Meeting on October 1, 2013 decided to demerge Metso Corporation in to two separate listed companies. After the demerger, Metso's Pulp, paper and power business formed a new company, Valmet Oyj.
The completion of the demerger was registered in the Finnish Trade Register on December 31, 2013, which also was the date when the incorporation of Valmet became effective. Metso’s shareholders received as demerger consideration one (1) share in Valmet for each share owned in Metso. No demerger consideration was issued in respect of own shares held by Metso.
The trading of shares in Valmet on the official list of the Helsinki Stock Exchange commenced on January 2, 2014.
Answers to the most common questions regarding the demerger can be found in the Frequently asked questions about the demerger section.
See the stock exchange releases. The stock exchange releases are Metso Corporation's until the date of demerger December 31, 2013 and Valmet's since then.