If the transaction proceeds as planned, M-real books a negative EUR twelve million non-recurring item in Speciality Papers business area. Cash impact would be approximately EUR one million negative. The planned divestment does not have a material impact on M-real’s operating result. The transaction is expected to be closed during the second quarter of the year.

“The planned divestment of the Premium Papers is a natural step in M-real’s strategy and a proof of M-real’s capability to divest its non-core paper business consistently. We are satisfied with the good solution, in which the Premium Paper business will be transferred to the new owner, who can focus to develop this segment successfully in the future,” says Mikko Helander, CEO of M-real.

In October 2010, M-real sold the PM5 and some related assets at the Reflex site to Metsä Tissue. Papierwerke Lenk is a German Black Forest based paper producer with sales of approximately 35,000 t of specialty papers.