The planned divestment includes the paper machine PM5 and related real estate, as well as certain infrastructure assets. Metsä Tissue is planning to convert the paper machine to grades that are not competing with M-real's grades. Based on preliminary plans, Metsä Tissue would employ about 50 employees, reducing the corresponding amount of redundancies agreed earlier at Reflex site. M-real announced on May 21 that Reflex mill will be developed based on a paper park concept, and that the target is to find industrial partnerships and thus create new jobs at the mill site. M-real will continue to further develop the paper park concept at Reflex site, the company writes in a press release.The transaction is expected to be closed during the fourth quarter of 2010.