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Metso demerges into two companies

Editorial
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Metso Corporation will demerge into two companies.

Metso's Pulp, Paper and Power business will be transferred to the new company, Valmet Corporation, and Mining and Construction and Automation business will remain part of Metso.

Under the demerger plan, all of Metso's assets, debts, and liabilities relating to Metso's Pulp, Paper and Power business will be transferred to the new company, Valmet Corporation, that will be formed in the demerger.

Metso's Mining and Construction business and Automation business will remain part of Metso. Following the demerger, Valmet will be a separate and independent public listed company.

The planned registration date for the completion of the demerger is December 31, 2013. 

As part of the demerger decision, it was decided to reduce Metso's share capital by an amount equivalent to Valmet's share capital, in other words by EUR 100,000,000, to EUR 140,982,843.80.

The capital represented by the reduction in Metso's share capital will used to distribute funds to Valmet. 

Metso supplies technology and services to customers in the process industries, including mining, construction, pulp and paper, power, and oil and gas. The company has around 30,000 professionals based in over 50 countries.

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