Metso has made an agreement to sell real estate in Pori, Finland to the city of Pori and Hollming Oy for approximately EUR 12 million. The agreement has been approved by Metso Board of Directors and Pori City Board. The deal will be completed after the approval of Pori City Council, which will handle the matter on its meeting on February 28, 2005.
The property to be sold includes the Karjaranta industrial site and its structures as well as the old Rosenlew headquarters in downtown Pori. Metso will remain in the Karjaranta office premises under a long-term lease agreement.
Metso is a global technology corporation serving customers in the pulp and paper industry, rock and minerals processing, energy industry as well as in selected other industries. In 2004, the net sales of Metso Corporation were approx. EUR 4 billion, and it has some 23,000 employees in more than 50 countries. Metso's shares are listed in the Helsinki and New York Stock Exchanges.