Last Friday, the EU Commission approved the combination of Ahlstrom’s European Label and Processing business and Munksjö AB. The company is now set to take the next steps in the divestment project.
The demerger of Ahlstrom’s Label and Processing business in Europe (LP Europe) has now been registered with the Finnish Trade Register. A total of 11,597,326 new shares in Munksjö Oyj were issued as demerger consideration to Ahlstrom's shareholders in the LP Europe demerger.
According to Euwid Pulp and Paper, Ahlstrom will buy back its operations in Osnabrück, Germany. The wallpaper and hybrid wallcovering business will remain with Ahlstrom, while the abrasive backings and pre-impregnated decor paper businesses will be divested to a third party in accordance with the commitments made to the EU Commission.
