PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: Metso Corporation

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Metso Corporation's Holding in Valmet Automotive to be Reduced as Part of Internal Asset Restructuring - Metso Corporation and Metso Paper Oy have concluded an arrangement under which an approximately 19.7% stake in Valmet Automotive Oy will be transferred from Metso Corporation to Metso Paper Oy as of December 31, 2013 - Metso.com
Metso Corporation's Holding in Valmet Automotive to be Reduced as Part of Internal Asset Restructuring

 

NewswireToday - /newswire/ - Helsinki, Finland, 2013/12/30 - Metso Corporation and Metso Paper Oy have concluded an arrangement under which an approximately 19.7% stake in Valmet Automotive Oy will be transferred from Metso Corporation to Metso Paper Oy as of December 31, 2013 - Metso.com. MEO1V.HE

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Heavy Machinery/Handling Solutions Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

As a result, Metso's holding in Valmet Automotive will drop from its current level of approximately 61% to approximately 41% and Valmet Automotive will cease to be a Metso subsidiary.

This in turn will mean that Valmet Automotive will no longer be consolidated as a separate entity in Metso's consolidated financial statements and will instead be reported as an affiliated company. Metso and Metso Paper will both treat their holdings in Valmet Automotive as financial investments in the future.

Metso (metso.com) is a global supplier of technology and services to customers in the process industries, including mining, construction, pulp and paper, power, and oil and gas. Our 30,000 professionals based in over 50 countries contribute to sustainability and deliver profitability to customers worldwide. Metso’s shares are listed on the NASDAQ OMX Helsinki Ltd.

Contacts:
Harri Nikunen, CFO, Metso Corporation, T: +358 20 484 3010
Juha Rouhiainen, VP, Investor Relations

Distribution: NASDAQ OMX Helsinki Ltd

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Heavy Machinery/Handling Solutions Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Metso Corporation

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Heavy Machinery/Handling Solutions articles,
CATCH Visitors via Your Competitors Announcements!


Metso Corporation's Holding in Valmet Automotive to be Reduced as Part of Internal Asset Restructuring

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

Metso Corporation |
Publisher Contact: Press Office - Metso.com 
+358 20 484 100 metso.info[.]metso.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Metso Corporation securities in any jurisdiction including any other companies listed or named in this release.

Heavy Machinery/Handling Solutions via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Metso Corporation / Company Profile


Read Heavy Machinery/Handling Solutions Most Recent Related Newswires:

Earth Moving Equipment Market to Reach a Valuation of US$ 208 Billion by 2025 Says PMR
Industrial Dryer Market Expected to Touch Nearly US$ 3,415M by 2024-end Says Persistence Market Research
ANDRITZ and PulpEye Enter into Cooperation Agreement
ANDRITZ Acquires Majority Stake in Powerlase Photonics
ANDRITZ to Deliver Cold-rolling Mill to Risse + Wilke, Germany
ANDRITZ Successfully Starts Up Second Tissue Machine with Steel Yankee for Hebei Yihoucheng, China
ANDRITZ to Supply Two Walking Beam Furnaces to ArcelorMittal Burns Harbor, USA
ANDRITZ to Acquire Paperchine, USA
ANDRITZ to Supply TAD Tissue Machine to First Quality Tissue, USA
ANDRITZ Continues Successful Tissue Machine Start-ups for the Hengan Group
ANDRITZ AG to Supply Five Circulating Fluidized Bed Boilers to Nine Dragons Paper, China
ANDRITZ to Supply Tissue Machine with Steel Yankee and Shoe Press to PMI, Algeria
ANDRITZ to Supply the First Complete Front-end System for Production of Insulating Materials to Norway
ANDRITZ to Supply A Complete Needlepunch Line to TTL, Germany
ANDRITZ to Supply Equipment to BillerudKorsnäs, Sweden for Fiberline Upgrade

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit RightITnow Ltd

Visit  La Bella Bakery Artisan Bakery Arizona





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)