The transaction has no significant impact on M-real's operating profit. Meulemans employs some 240 employees and has sales of approximately MEUR 30.,
,-”The sale of Meulemans wraps up the restructuring programme which we announced in October 2006. The asset divestment target set for the programme was EUR 500 million and it is now clearly exceeded being approximately EUR 700 million,” says Mikko Helander, CEO of M-real. ”Thanks to successfully realised programme we are able to fully compensate the cost inflation in 2007. We have already started the fourth step of M-real's strategic review by launching a new programme in November 2007 to achieve a profit improvement of EUR 100 million”, adds Helander.,
,Ivar Palo
,Forest Sweden
,
,Source: M-real pressrelease 2007-12-11,,