METSO'S OFFER FOR SVEDALA IN EU PROCESSING
Metso Corporation's application for clearance concerning the public offer for Svedala Industri AB filed with the EU Commission on August 7, 2000, has been extended into a six week first stage, while certain undertakings in relation to the merger are being considered. This extension was anticipated and Metso expects to be able to address any competition concerns.
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.