UPM-Kymmene increases its interest in Kemijoki Oy

UPM-Kymmene will increase its interest in Kemijoki Oy by acquiring 6 142 of the company's shares in hydroelectric power production at a total price of FIM 476 million. The price will be paid during the period 1997 - 1999.
The deal is designed to improve the overall structure of UPM-Kymmene's power generation shareholdings. The deal will be financed through the sale of property.