METSO SIGNS 1,2 BILLION EURO LOAN AGREEMENT
Metso Corporation has signed a loan agreement of 1,2 billion euros with a syndicate of 15 banks. The loan is available for the acquisition of shares in Svedala Industri AB in accordance with the public offer made in July. Citibank N.A. acted as co-ordinating arranger of the loan.
Metso Corporation is a global supplier of process industry machinery and systems. In addition to Fiber and Paper Technology, Metso's business areas are automation and control technology, and Machinery. In 1999, the net sales of Metso Corporation were EUR 3.4 billion, and the personnel totaled approximately 23,000. Metso Corporation is listed on the Helsinki and New York Stock Exchanges.