UPM-Kymmene capital gains in April-June

Archive 5.7.2000 0:00 EEST

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 Corporation
Corporate Communications
5 July, 2000