In April-June 2000, UPM-Kymmene did not have any significant capital gains from the sale of shares and fixed assets. In May UPM-Kymmene received a total of 210 million US-dollars as a break-up fee and compensation of expenses due to the termination of Champion International merger agreement. The break-up fee will be handled as extraordinary items net of taxes and costs.
During January-March 2000 the capital gains for selling shares was EUR 334 million.
UPM-Kymmene CorporationCorporate Communications5 July, 2000