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Billerud's acquisition of UPM's packaging paper operations completed

June 1 2012  Billerud's acquisition of UPM's packaging paper operations at Pietarsaari and Tervasaari is now completed. The purchase price is around 130 million Euros.

The transaction is financed through half cash and cash equivalents, half through raising loans within existing credit frameworks.The acquired operations will be consolidated as of 1 June 2012, and will be included in Billerud's Packaging & Speciality Paper business area.In the January–June 2012 interim report, sales of the Billerud Group's market pulp will continue to be reported as a separate business area, Market Pulp. As of 1 July, market pulp sales will not be reported separately but will be included in the Packaging and Speciality Paper business area.In 2011, the acquired operations' sales amounted to approximately 220 million Euros.

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