Metso Corporation's holding in Valmet Automotive to be reduced

摘要

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. 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.