Valmet acquires 14.9% ownership in the future Neles - Seite 2

The agreement includes a one-year lock-up period, during which Valmet may not dispose its shares in Neles without Solidium’s approval. Solidium retains the right of first refusal for a period of three years after the closing. In addition, the agreement includes an anti-embarrassment clause, according to which Solidium could be entitled to an additional cash payment in certain circumstances where Valmet would acquire or dispose shares in Neles at a higher price during a three year period after the closing.

Valmet will finance the share acquisition with a new loan facility.   

Conference call for analysts, investors and media
To discuss the share acquisition’s strategic rationale and other details, Valmet will arrange a conference call in English for analysts, investors, and media on Wednesday, June 17, 2020 at 3:30 p.m. Finnish time (EET).

Conference call participants are requested to dial in at least five minutes prior to the start of the conference, at [phone]. The participants will be asked to provide the following conference ID: 6166418.

The conference call can be followed through a live audiocast at www.valmet.com/webcasts.

Further information, please contact:
Pasi Laine, President and CEO, Valmet, tel. [phone]
Kari Saarinen, CFO, Valmet, tel. [phone]
Anu Salonsaari-Posti, Senior Vice President, Marketing and Communications, Valmet, tel. [phone]
Pekka Rouhiainen, Director, Investor Relations, Valmet, tel. [phone]

VALMET

Kari Saarinen
CFO

Pekka Rouhiainen
Director, Investor Relations

Valmet is the leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries. We aim to become the global champion in serving our customers.

Valmet’s strong technology offering includes pulp mills, tissue, board and paper production lines, as well as power plants for bioenergy production. Our advanced services and automation solutions improve the reliability and performance of our customers’ processes and enhance the effective utilization of raw materials and energy.

Valmet’s net sales in 2019 were approximately EUR 3.5 billion. Our more than 13,000 professionals around the world work close to our customers and are committed to moving our customers’ performance forward – every day. Valmet’s head office is in Espoo, Finland and its shares are listed on the Nasdaq Helsinki.

Read more www.valmet.com, www.twitter.com/valmetglobal

Follow Valmet IR on Twitter www.twitter.com/valmetir

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