EU Commission Continues Investigation of Ahlstrom Label and Munksjö Merger
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The EU Commission has completed the first phase in its investigation of the proposed merger of Finland-based Ahlstrom's Label and Processing business and Munksjö AB, and also opened an in-depth (second phase) investigation into the proposed combination with respect to abrasive backings and pre-impregnated decor paper. The Commission now has 90 working days, until April 29, 2013, to make a final decision on whether the combination would significantly impede effective competition in the European Economic Area (EEA) or any substantial part of it.
Ahlstrom and Munksjö AB continue to work closely with the Commission to allow it to complete its review as quickly as possible, aiming at a completion of the demerger of Ahlstrom's Label and Processing business in Europe and other related measures forming the first phase of the planned transaction during the first quarter of 2013. It is, however, possible that the completion of the first phase of the planned transaction will not take place until the second quarter of 2013.
On Nov. 27, 2012, Ahlstrom's Extraordinary General Meeting approved the demerger of Ahlstrom's Label and Processing business in Europe and the demerger of Ahlstrom's Label and Processing business in Brazil, in accordance with the demerger plans.
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