Metsa Board completes divestment of its subsidiary port operator Oy Hango Stevedoring Ab to Euroports Finland Oy for an undisclosed price; in 2021, Hango Stevedoring’s sales were £22M and it had 187 employees

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April 4, 2022 (press release) –

Metsä Board, part of Metsä Group, announced on 16 December 2021 that it has signed an agreement to sell its entire share capital of its fully owned subsidiary Oy Hangö Stevedoring Ab to Euroports Finland Oy.

The arrangement has been completed on 31 March 2022. The parties have mutually agreed that the transaction price will not be disclosed. The gain on sale will be recognised in Metsä Board’s January–March 2022 operating result as an item affecting comparability and will not have a material impact on Metsä Board's key financials.

Hangö Stevedoring is a port operator in the Port of Hanko and its business is not part of Metsä Board's core business. In 2021, Hangö Stevedoring’s sales were EUR 22 million and it had 187 employees.

Metsä Board will publish its January–March 2022 Interim report on 28 April 2022.

METSÄ BOARD CORPORATION

Further information:
Katri Sundström, VP, Investor Relations, tel. +358 10 462 0101

Metsä Board
www.metsaboard.com

Metsä Board is a leading European producer of premium fresh fibre paperboards. We focus on lightweight and high-quality folding boxboards, food service boards and white kraftliners. The pure fresh fibres we use in our products are a renewable and recyclable resource, that can be traced back to sustainably managed northern forests We are a forerunner in sustainability, and we aim to have completely fossil free mills and raw materials by the end of 2030.

Together with our customers we develop innovative packaging solutions to create better consumer experiences with less environmental impact. In 2021 our sales totalled EUR 2.1 billion, and we have around 2,400 employees. Metsä Board, part of Metsä Group, is listed on the Nasdaq Helsinki.

Follow Metsä Board: Twitter LinkedIn YouTube Instagram

 
Metsä Group

www.metsagroup.com 

Metsä Group is leading the way in advancing the bioeconomy. We invest in growth, bioproduct development and a fossil free future. The raw material for our products is renewable wood from sustainably managed northern forests. We focus on the growth sectors of the forest industry: wood supply and forest services, wood products, pulp, fresh fibre paperboards, as well as tissue and greaseproof papers.

Metsä Group’s annual sales amount to approximately EUR 6 billion, and we have around 9,500 employees in 30 countries. Our international Group has its roots in the Finnish forests: our parent company is Metsäliitto Cooperative which is owned by nearly 100,000 forest owners.

Follow Metsä Group: Twitter LinkedIn Facebook YouTube Instagram Slideshare

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