UPM SIGNS AGREEMENT ON RESTRUCTURING OF BOTNIA OWNERSHIP
UPM, Metsäliitto Cooperative, M-real Corporation, and Oy Metsä-Botnia Ab (Botnia) have today signed an agreement according to which Metsäliitto’s and Botnia’s share of the Fray Bentos pulp mill and the eucalyptus plantation forestry company Forestal Oriental in Uruguay will be transferred to UPM. The companies signed a letter of intent concerning the restructuring on 15 July 2009.