Ahlstrom Corporation STOCK EXCHANGE RELEASE October 29, 2014 at 7.45 am
The European Commission decides to close proceedings against Ahlstrom and Munksjö
The European Commission has decided to close proceedings against Ahlstrom Corporation, Munksjö Oyj and Munksjö AB. The decision is taken following consideration of responses made by the companies to the Statement of Objections, presentations at the oral hearing and, in particular, the information provided in response to the Commission's request for information dated May 26, 2014.
Ahlstrom Corporation, Munksjö Oyj and Munksjö AB received on February 25, 2014 a Statement of Objections (Article 14.1(a)) from the European Commission with respect to alleged incorrect or misleading information provided in connection with the merger notification to the European Commission, submitted in 2012. The business combination of Ahlstrom's Label and Processing business and Munksjö AB was completed in two phases during 2013.
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Ahlstrom in brief
Ahlstrom is a high performance fiber-based materials company, partnering with leading businesses around the world to help them stay ahead. We aim to grow with a product offering for clean and healthy environment. Our materials are used in everyday applications such as filters, medical fabrics, life science and diagnostics, wallcoverings and food packaging. In 2013, Ahlstrom's net sales from the continuing operations amounted to EUR 1 billion. Our 3,500 employees serve customers in 24 countries. Ahlstrom's share is quoted on the NASDAQ OMX Helsinki. More information available at www.ahlstrom.com.