Competition authorities approved Suominen's acquisition of Ahlstrom's Home and Personal wipes fabrics business area
Tampere, Finland, 2011-09-27 16:00 CEST (GLOBE NEWSWIRE) --
Suominen Corporation Stock exchange release 27 September 2011 at 5.00 p.m.
Competition authorities approved Suominen’s acquisition of Ahlstrom’s Home and Personal wipes fabrics business area
Competition authorities in Spain, Germany and the United States have approved the agreement between Suominen Corporation and Ahlstrom Corporation regarding Suominen’s acquisition of Ahlstrom’s Home and Personal wipes fabrics business area which was published on 4 August 2011. It is estimated that the transaction will be completed by 31 October 2011 at the latest. Authority approval of the transaction in Brazil is estimated to take place during the first quarter of 2012, and it is not a prerequisite of the completion of the transaction outside of Brazil.
Further information regarding the share issue required by the transaction will be released on or about 3 October 2011.
Suominen has previously published a stock exchange release concerning the acquisition on 4 August 2011.
Tampere, 27 September 2011
President and CEO
For additional information, please contact:
Mr. Petri Rolig, President and CEO, tel. +358 (0)10 214 300
Mr. Arto Kiiskinen, Vice President and CFO, tel. +358 (0)10 214 300
Suominen produces high-quality flexible packaging, wet wipes and nonwovens for industry and the retail sector. The Group is one of Europe’s leading manufacturers in all its business areas, with operations in Finland, Poland, the Netherlands, and Russia. The Group had net sales of EUR 173 million in 2010 and it employs around 900 people. Suominen is listed on NASDAQ OMX Helsinki. www.suominen.fi