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Metso Corporation (HEL:MEO1V) Metso Corporation Company Release, October 22, 2008 at 5.45 p.m.
Metso Corporation has today been informed of the following:
The Finnish State and Solidium Oy (company id 0866693-1) inform about an arrangement that would result in the Finnish State's holdings in Metso Corporation to fall below and Solidium Oy's holdings to exceed the thresholds set out in the Finnish Securities Markets Act, section 9 of chapter 2.
The Government has on October 21, 2008 decided to propose to Parliament that state-owned equities in eight listed companies, including Metso Corporation, be transferred to the entirely state-owned Solidium Oy. The State will transfer its shares to Solidium as a capital contribution. The matter will be presented for decision to Parliament in connection with the supplementary budget. The arrangement will materialize if the proposal is accepted in Parliament and when Solidium Oy's exemption order from the obligation to make a public bid, granted by Finnish Financial Supervision Authority to some other listed companies, will come into force.
The shares to be transferred to Solidium Oy include 15,695,287 Metso Corporation shares, which corresponds to 11.07 percent of the paid up share capital and votes in Metso Corporation.
Metso is a global engineering and technology corporation with 2007 net sales of over EUR 6 billion. Its over 27,000 employees in approximately 50 countries serve customers in the pulp and paper industry, rock and minerals processing, the energy industry and selected other industries. www.metso.com
