03/15/2021 | Press release | Distributed by Public on 03/15/2021 07:21
AHLSTROM-MUNKSJÖ OYJ STOCK EXCHANGE RELEASE March 15, 2021 at 15:15 EET
Spa Holdings 3 Oy ('Spa Holdings 3') has on February 17, 2021 commenced redemption proceedings in respect of Ahlstrom-Munksjö Oyj's ('Ahlstrom-Munksjö') minority shares by initiating arbitration proceedings in accordance with Chapter 18, Section 3 of the Finnish Companies Act in order to obtain ownership of all the issued and outstanding shares in Ahlstrom-Munksjö.
Due to Spa Holdings 3's application for the above-mentioned arbitration proceedings, the Redemption Board of the Finland Chamber of Commerce has petitioned the District Court of Helsinki for the appointment of a trustee to supervise the interests of Ahlstrom-Munksjö's minority shareholders during the redemption process. With its decision given on March 9, 2021, the District Court of Helsinki has appointed attorney at law Antti Kuusimäki to act as such trustee.
Spa Holdings 3's notice, as referred to in Chapter 18, Section 5, Subsection 2 of the Finnish Companies Act, is attached to this release and has been published on the website of Ahlstrom-Munksjö. It will also be published in the National Official Journal of Finland (Virallinen lehti in the Finnish language) without delay.
Ahlstrom-Munksjö in brief
Ahlstrom-Munksjö is a global leader in fiber-based materials, supplying innovative and sustainable solutions to its customers. Our mission is to expand the role of fiber-based solutions for sustainable everyday life. Our offering includes filter materials, release liners, food and beverage processing materials, decor papers, abrasive and tape backings, electrotechnical paper, glass fiber materials, medical fiber materials, diagnostics and energy storage solutions, as well as a range of specialty papers for industrial and consumer end-uses. Our annual net sales is about EUR 2.7 billion and we employ some 7,800 people. Read more at www.ahlstrom-munksjo.com