SOURCE: Metso Corporation

December 12, 2008 05:05 ET

The Finnish government has transferred the state-owned Metso Corporation shares to Solidium Oy

HELSINKI, FINLAND--(Marketwire - December 12, 2008) -

Metso Corporation Company release, December 12, 2008 at 12.00 p.m.

The Finnish State and Solidium Oy (company id 0866693-1) have on December 11, 2008 informed about an arrangement that has resulted in the Finnish State's holdings in Metso Corporation to fall below and Solidium Oy's holdings to exceed the thresholds set out in the Finnish Securities Markets Act, section 9 of chapter 2.

The Finnish State has on December 11, 2008 transferred all its Metso Corporation shares to the entirely state-owned Solidium Oy as a capital contribution.

The shares transferred to Solidium Oy include 15,695,287 Metso Corporation shares, which corresponds to 11.07 percent of the paid up share capital and votes in Metso. After the transfer, there are no Metso Corporation shares owned by the state.

Underlying the arrangement, the Government decided on October 21, 2008 to propose to Parliament that state-owned equities in eight listed companies, including Metso Corporation, be transferred to the entirely state-owned Solidium Oy. (See Metso company release on October 22, 2008).The arrangement materialized when the proposal was accepted in Parliament in connection with the supplementary budget.

Metso is a global supplier of sustainable technology and services for mining and construction, power generation, automation, recycling and the pulp and paper industries. We have over 28,000 employees in more than 50 countries.

For further information, please contact:

Johanna Sintonen, Vice President, Investor Relations, Metso Group,
tel. +358 204 84 3253

Metso Corporation

Olli Vaartimo
Executive Vice President and CFO

Kati Renvall
Vice President, Corporate Communications

NASDAQ OMX Helsinki Ltd

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

Copyright © Hugin AS 2008. All rights reserved.

Contact Information