|
|||
2008-07-03 08:00:00 CEST 2008-07-03 08:00:30 CEST REGULATED INFORMATION M-real - Company AnnouncementGain from the sale of Map Merchant Group adjustedM-real Corporation Stock Exchange Release July 3, 2008 The sale of M-real's Map Merchant Group to Antalis became effective on 31 October 2007. The total transaction value was EUR 382 million. M-real booked a gain of EUR 77 million in the Q4 2007 result from discontinued operations, and the positive cash flow impact of the transaction was EUR 356 million. It was announced that the sale price, and thus also the gain from the sale, would be adjusted later, and it was estimated that it might decrease by a maximum of EUR 30 million. M-real expected to receive a EUR 34 million additional cash payment from Antalis based on the preliminary closing balance sheet. The additional cash payment has been defined on July 2. 2008 to be approximately EUR 9 million, which has a EUR 25 million negative impact on the gain of EUR 77 million booked in the result from discontinued operations in Q4 2007. The change in the gain of the sale, EUR -25 million, will have a negative impact on the result of discontinued operations in Q2 2008. Additionally, the finalization of the transaction has generated approximately EUR 1 million costs booked in the result of discontinued operations in first half of 2008. The total positive cash flow impact of the sale of Map Merchant Group was EUR 364 million and the gain from the sale was EUR 51 million. M-REAL CORPORATION Further information: Seppo Parvi, CFO, tel. +358 10 465 4321 |
|||
|