Ahlstrom get Statement of Objections from the EU
Ahlstrom and Munksjö have received a Statement of Objections from the
European Commission. The document issued by the EU addresses the
competitive effects of the proposed combination of Ahlstrom's Label and
Processing Business and Munksjö with respect to abrasive backings and
pre-impregnated decor paper.
Ahlstrom and Munksjö are working closely with the EU Commission in
order to resolve the competition issues identified by the Commission.
No final decisions have been taken yet with regard to potential
remedies. The potential effect of any remedies on the previously
identified synergies will be communicated in due course.
As a consequence of the negotiations with the EU Commission, Ahlstrom expects to complete the demerger of the company's Label and
Processing business in Europe and other related measures forming the
first phase of the planned transaction during the second quarter of
2013 instead of the previously targeted first quarter of 2013.