The general meetings of two UPM-Kymmene associated companies, Oy Metsä-Botnia Ab and Oy Metsä-Rauma Ab have decided to merge Metsä-Rauma with Metsä-Botnia. The merger will take the form of an absorption merger, in which Metsä-Rauma's assets and liabilities will be transferred without liquidation investigations to Metsä-Botnia, following which Oy Metsä-Rauma Ab's operations as a company will be wound up. The merger will come into effect by the end of this year. UPM-Kymmene's holding in Metsä-Botnia will remain the same in 47 per cent.
30 May, 2000