Metso Corporation's Company release on November 28, 2008 at 9:00 a.m.
Metso announced on August 22, 2008 the initiation of a study, with Goldman Sachs as advisor, to assess value-enhancing opportunities, including structural options.
Given the significant change in the world economic outlook since the August announcement and the prevailing financial market turbulence, Metso's Board of Directors has decided to discontinue the study on structural options. Naturally, Metso's board and management will continue to look for value enhancing opportunities in the normal course of business.
Metso is a global engineering and technology corporation with 2007 net sales of over EUR 6 billion. Its over 27,000 employees in approximately 50 countries serve customers in the pulp and paper industry, rock and minerals processing, the energy industry and selected other industries.
Further information for the press, please contact:
Jorma Eloranta, President and CEO, Metso Corporation, tel. +358 204 84 3000
Further information for investors, please contact:
Johanna Sintonen, Vice President, Investor Relations, Metso Corporation, tel. +358 40 530 0778