Business transfer between Metsä Fibre and Botnia Mill Service has been approved by the Finnish Competition and Consumer Authority

Business transfer between Metsä Fibre and Botnia Mill Service has been approved by the Finnish Competition and Consumer Authority

The Finnish Competition and Consumer Authority has approved, pursuant to Metsä Fibre Oy’s application, the arrangement whereby Metsä Fibre Oy will take over the maintenance operations of their pulp mills and the Rauma sawmill as well as the related workshop and design services. The operations are currently performed by Oy Botnia Mill Service Ab, a joint venture company owned by Caverion Industria Oy and Metsä Fibre Oy.

The transaction will be carried out as a business transfer planned to take effect at the end of the year 2022. More information on the arrangement has been published in stock exchange release on 16 May 2022.

CAVERION CORPORATION

Distribution: Nasdaq Helsinki, principal media, www.caverion.com

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