UPM Completes Sale of Packaging Paper Operations

http://www.upm.com/en/media/all-news/Pages/The-sale-of-UPM%E2%80%99s-packaging-paper-operations-of-the-Pietarsaari-and-Tervasaari-m-001-Fri-01-Jun-2012-12-15.aspx

Billerud Finland Oy's acquisition of UPM's packaging paper operations at Pietarsaari and Tervasaari is now completed. Billerud Finland Oy is a wholly owned subsidiary of Billerud AB. The purchase price is around EUR 130 million.

Separately, UPM Raflatac reported that the company signed an agreement to acquire the business operations of Gascogne Laminates Switzerland SA. The parties have agreed not to disclose the purchase price. The closing of the acquisition is subject to regulatory approvals.