Consumables

M-REAL REFLEX MILL DIVESTMENT TO ARJOWIGGINS CANCELLED

Monday 30. June 2008 - M-real and Arjowiggins have decided not to pursue the sale of Reflex mill.

The parties entered into the sale and purchase agreement on 12 October 2007 and the transaction was conditionally approved by the European Commission on 4 June 2008. The condition was that Arjowiggins should divest Reflex mill’s carbonless and digital imaging businesses to a third party. After thorough analysis, the parties conclude that the rationale to complete the transaction under the condition was considerably weakened.

Reflex mill will continue to be developed as part of M-real.