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Metso Selling Process Automation Systems Business to Valmet

Tuesday, January 20, 2015  
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Metso Corporation and Valmet Corporation have entered into an agreement on the sale of Metso's Process Automation Systems business to Valmet. The enterprise value of the transaction is €340 million. The transaction, which is estimated to be closed by April 1, 2015, is subject to approval by competition authorities. Metso expects to book a significant capital gain after the closing. More...

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