Valmet Corporation's stock exchange release on January 2, 2014 at 9:55 a.m. EET
Trading in Valmet Corporation's ("Valmet") shares on the official list of NASDAQ OMX Helsinki Ltd begins today, January 2, 2014, at 10:00 a.m. Finnish time. The trading code of the shares is VALMT.
On October 1, 2013, the Extraordinary General Meeting of Metso Corporation ("Metso") decided that Metso will demerge through a partial demerger in such a manner that all of the assets, debts and liabilities relating to Metso's Pulp, Paper and Power businesses will transfer, without liquidation, from Metso to Valmet.
In connection with Metso's partial demerger, Metso's shareholders received as demerger consideration one (1) share in Valmet for each share in Metso owned. At the beginning of trading, the number of shares in Valmet subject to public trading is 149,864,619.
Valmet Corporation is a leading global developer and supplier of services and technologies for the pulp, paper and energy industries. Our 11,000 professionals around the world work close to our customers and are committed to moving our customers' performance forward - every day.
Valmet's services cover everything from maintenance outsourcing to mill and plant improvements and spare parts. Our strong technology offering includes entire pulp mills, tissue, board and paper production lines, as well as power plants for bio-energy production.
The company has over 200 years of industrial history and was reborn through the demerger of the pulp, paper and power businesses from Metso Group in December 2013. Valmet's net sales in 2012 were approximately EUR 3 billion. Valmet's objective is to become the global champion in serving its customers.
Valmet's head office is in Espoo, Finland and its shares are listed on the NASDAQ OMX Helsinki Ltd.
Read more www.valmet.com , www.twitter.com/valmetglobal
Further information, please contact:
Markku Honkasalo, CFO, Valmet Corporation, tel. +358 10 672 0008
Rasmus Oksala, VP, Legal, Valmet Corporation, tel. +358 20 484 3252
VP, Investor Relations