Helsinki, Finland, 2014-02-25 12:35 CET (GLOBE NEWSWIRE) -- MUNKSJÖ OYJ, STOCK EXCHANGE RELEASE 25 February 2014 at 12.35 pm CET
Munksjö Oyj: Munksjö and Ahlstrom have received a Statement of Objections from the European Commission
Munksjö Oyj, Munksjö AB and Ahlstrom Corporation have today received a Statement of Objections from the European Commission with respect to alleged incorrect or misleading information provided in connection with the merger notification to the European Commission, submitted on 31 October 2012, regarding the business combination of Munksjö AB and Ahlstrom Corporation’s Label and Processing business. The combination was completed in two phases during 2013. Munksjö Oyj and Ahlstrom Corporation disagree with the preliminary position expressed by the European Commission. Munksjö Oyj and Ahlstrom Corporation take this matter seriously and will respond to the Statement of Objections in due course with a view to clearing any misunderstandings. A Statement of Objections is a procedural document where the European Commission sets out its preliminary view in relation to a possible infringement of EU competition rules and allows its addressees to present arguments in response. A Statement of Objections is, consequently, a preparatory document that does not prejudge the European Commission’s final decision. Any final decision by the European Commission is subject to appeal to the European Courts. The maximum fine for any violations of the legal provision quoted by the European Commission in Article 14.1(a) of the Merger Regulation may lead to a fine not exceeding 1% of the aggregate turnover of the undertakings (companies) concerned. The European Commission’s ongoing investigation does not affect the approval of the combination granted in 2013. Munksjö Oyj For more information, please contact: Gustav Adlercreutz, Senior Vice President and General Counsel, tel. +358 10 234 5001 Munksjö – Materials for innovative product design The Munksjö Group is an international specialty paper company with a unique product offering for a large number of industrial applications and consumer-driven products. Founded in 1862, Munksjö is among the leading producers in the world of high-value added papers within attractive market segments such as Decor paper, Release Liners, Electrotechnical paper, Abrasive backings and Interleaving paper for steel. Given Munksjö’s global presence and way of integrating with its customers’ operations, the company forms a global service organisation with approximately 3,000 employees. Production facilities are located in France, Sweden, Germany, Italy, Spain, Brazil and China. Munksjö Oyj is listed on NASDAQ OMX Helsinki. Read more at www.munksjo.com.
