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Ahlstrom sells 2mn shares in Munksjö Oyj for €20.4mn

15 May '15

1 min read

Finnish producer of high performance fibre based materials; Ahlstrom said it has sold 2,000,000 shares in Munksjö Oyj for around €20.4 million.

“Ahlstrom will book a capital gain of around €10 million from the transaction which will be reflected in the second-quarter 2015 financial accounts,” it said in a press release.

Of these shares, 400,000 shares valued at €4.08 million were sold to AC Invest Five B.V. and 125,000 shares valued at €1.28 million to Viknum AB, entities which are related to Ahlstrom.

Following the sale of shares, Ahlstrom's shareholding in Munksjö is 1,300,981 shares, representing 2.55 per cent of the total shares and votes.

Ahlstrom is a high performance fibre-based materials company, partnering with leading businesses around the world to help them stay ahead.

Its materials are used in everyday applications such as filters, medical fabrics, life science and diagnostics, wallcoverings and food packaging.

In 2014, Ahlstrom's net sales amounted to €1 billion and its 3,400 employees serve customers in 22 countries. (AR)

Fibre2fashion News Desk - India