04/30/2021 | Press release | Distributed by Public on 04/30/2021 06:30
AHLSTROM-MUNKSJÖ OYJ STOCK EXCHANGE RELEASE April 30, 2021 at 15:30 EET
As previously announced, Spa Holdings 3 Oy ('Spa Holdings 3') has on February 17, 2021 commenced mandatory redemption proceedings in respect of Ahlstrom-Munksjö Oy'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.
The company has today been informed that the Redemption Board of the Finland Chamber of Commerce has appointed an arbitral tribunal consisting of three members for the arbitration proceedings concerning the redemption of the minority shares in Ahlstrom-Munksjö. The arbitral tribunal consists of Doctor of Law Pekka Timonen (chair), attorney-at-law Carita Wallgren-Lindholm and Lagman Kari Lautjärvi.
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