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(01/31/2014 / sha)
Metsä Board: To divest property in Lielahti to the City of Tampere
Metsä Board Corporation, a part of Metsä Group, is in negotiations to divest its property in Lielahti, Tampere to the Finnish City of Tampere for EUR 26 million. The Lielahti property consists of 90 hectares of land, incl. buildings on site, and 1071 hectares of water area on Näsijärvi lake.
Metsä Board closed down the BCTMP pulp mill at the Lielahti site in 2008 and has not had any production operations at the site since.
Closing of the transaction is subject to approvals by the City Council and City Government of Tampere City, the approval by Metsä Board’s Board of Directors as well as the finalization of the trade documentation. If the necessary approvals are received as currently planned the divestment would take effect by the end of the first quarter of 2014.
