The Extraordinary General Meeting convened by Ahlstrom Corporation has today resolved to approve the demerger of Ahlstrom Corporation’s Label and Processing business in Brazil (Coated Specialties) in accordance with the demerger plan. The demerger is part of the process through which Munksjo AB and Ahlstrom's Label and Processing business will be combined.

According to the demerger plan, all assets and liabilities that belong to Coated Specialties will be transferred to Munksjo Oyj through a partial demerger. Munksjo Oyj’s and Ahlstrom Corporation's Board of Directors signed a new demerger plan related to Coated Specialties on 13 May, 2013 and cancelled the previous demerger plan. The previous demerger plan was cancelled as not all the relevant regulatory approvals were received before the expiration of the decision made by Ahlstrom's Extraordinary General Meeting on 27 November, 2012.

Upon execution of the demerger of the Coated Specialties Business, the shareholders of Ahlstrom Corporation will receive as demerger consideration 0.265 new shares in Munksjo Oyj for each share owned in Ahlstrom Corporation. In case the number of shares received by a shareholder of the company as a demerger consideration would be a fractional number, the fractions will be rounded down to the nearest whole number.

"The new approval of the demerger by Ahlstrom’s EGM allows us to proceed and finalise the combination. We can now focus on a successful execution of the Coated Specialties demerger in order to create one of the world’s largest specialty paper companies”, says Munksjo’s President and CEO Jan Astrom. The execution of the demerger is expected to take place by the end of 2013.