Metso Corporation
PINKSHEETS : MXCYY
HEX : MEO1V

February 21, 2012 08:15 ET

Metso receives an arbitration award of EUR 10 million

HELSINKI, FINLAND--(Marketwire - Feb 21, 2012) -

Metso Corporation's stock exchange release on February 21, 2012 at 3:00 p.m. local time

Metso has received an arbitration award in its favor amounting to EUR 10 million plus around EUR 2 million in interest. The arbitration process was related to a large project delivery in Turkey. The arbitration tribunal denied substantially the claims made against Metso and its decision is final. Metso will book the amount awarded in its financial statements when the payment has been received.

Metso is a global supplier of technology and services to customers in the process industries, including mining, construction, pulp and paper, power, and oil and gas. Our 30,000 professionals based in over 50 countries deliver sustainability and profitability to customers worldwide. Expect results.

www.metso.com , www.twitter.com/metsogroup

Metso Corporation

Harri Nikunen
CFO

Juha Rouhiainen
VP, Investor Relations

Distribution:
NASDAQ OMX Helsinki Ltd
Media
 www.metso.com 

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(i) the releases contained herein are protected by copyright and other applicable laws; and

(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Metso Corporation via Thomson Reuters ONE

[HUG#1587847]

Contact Information

  • For further information, please contact:
    Rasmus Oksala
    SVP, Legal Counsel, Pulp, Paper and Power segment
    Metso
    tel: +358 20 484 3252