Pohjolan Voima, the state of Finland and the pension insurance company Ilmarinen are negotiating on the sale of Pohjolan Voima's 25 percent shareholding of Fingrid. The state would acquire approximately 81 percent of the shares and ilmarinen approximately 19 percent of the shares owned by Pohjolan Voima.Upon closing, tha transaction price would be 325 million Euros, and Pohjolan Voima would record a capital gain of 200 million Euros.Upon closing, UPM - with its 43.09 percent shareholding of Pojolan Voima . will recognize a special income of 86 million Euros from the sale. It is estimated that the transaction will be closed during the first half of this year.