M-real Reflex mill sale cancelled

The parties entered into the sale and purchase agreement on 12 October 2007 and the transaction was conditionally approved by the European Commission on 4 June 2008.

The condition was that Arjowiggins should divest Reflex mill’s carbonless and digital imaging businesses to a third party. After thorough analysis, the parties conclude that the rationale to complete the transaction under the condition was considerably weakened.

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