UPM-Kymmene's Nokia shareholding

Archive 25.6.1997 0:00 EEST

UPM-Kymmene Corporation continues to focus on its core business in the forest products industry. The company has sold 4.5 million Nokia shares. The pre-tax capital gain amounts to FIM 1.5 billion.
The shares were sold to Goldman Sachs, who will be paid a fee. Goldman Sachs will reoffer the shares globally.
UPM-Kymmene still regards Nokia's shares as a good investment. After the sale, the company owns 7.1 million Nokia shares.
For further information:
Mr. Jan-Henrik Kulp, Chief Financial Officer, tel. +358 204 15 0012, +358 400 408 817