M-real announced in the middle of June that it had signed a Memorandum of Understanding regarding a partial divestment of the Reflex mill to MetsäTissue for approximately ten million Euros.M-real has now signed an agreement regarding the partial divestment. Closing of the transaction is to occur in the beginning of November. The transaction includes PM5 and related real estate, as well as certain infrastructure assets. Metsä Tissue will start producing baking and cooking paper products in the paper machine. As part of the transaction, 74 employees will transfer to the service of Metsä Tissue.