The divestment would include M-real's complete Premium Paper business and related assets as well as about 100 M-real’s employees.Premium Paper products are used in high quality graphical end-uses, such as letterhead, brochures, books, calendars and envelopes. M-real will continue the carbonless business at the Reflex mill.If the transaction is consummated as planned, M-real books a negative twelve million Euros non-recurring item in Speciality Papers business area. Cash impact would be approximately one million Euros negative. The planned divestment does not have a material impact on M-real’s operating result. The transaction is expected to be closed during the second quarter of 2011.“The planned divestment of the Premium Papers is a natural step in M-real’s strategy and a proof of M-real’s capability to divest its non-core paper business consistently. We are satisfied with the good solution, in which the Premium Paper business will be transferred to the new owner, who can focus to develop this segment successfully in the future,” says Mikko Helander, CEO of M-real.In October 2010, M-real sold the PM5 and some related assets at the Reflex site to Metsä Tissue.Papierwerke Lenk is a German Black Forest based paper producer with sales of approximately 35,000 tons of specialty papers.