Valmet Corp (LTS:0QIW)
€ 22.305 0.04 (0.18%) Market Cap: 4.12 Bil Enterprise Value: 5.17 Bil PE Ratio: 14.83 PB Ratio: 1.70 GF Score: 78/100
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Valmet Oyj to Acquire 14.9% Ownership in the future Neles Corp Call Transcript

Jul 17, 2020 / 12:30PM GMT
Release Date Price: €22.3 (-0.69%)
Pekka Rouhiainen
Valmet Oyj - Director of IR

Okay. Good afternoon, and welcome, everybody, to this news conference call regarding Valmet's acquisition of the minority share in the future Neles that we announced today. My name is, Pekka, and I'm the Head of Investor Relations here at Valmet, and with me in the studio are Pasi Laine, Valmet's President and CEO; and Kari Saarinen, CFO.

So today's agenda is so that Pasi will first go through the strategic rationale of the share acquisition and some details regarding the transaction. And after that, we open for questions through the telephone lines, and Kari is then available for questions here as well.

But Pasi, please go ahead.

Pasi Kalevi Laine
Valmet Oyj - President & CEO

Thank you, Pekka. It's Pasi talking. So the news is that Valmet acquires 14.9% ownership in the future Neles. So Valmet has today agreed to acquire 22,674,869 (sic) [22,374,869] shares in the future Neles from Solidium Oy. The shares to be acquired represent 14.88% of the Neles' shares and votes. Neles Corporation,

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