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(From Hugin)
M-real Corporation Press Release 1 November 2008
On 29 September 2008, M-real announced the sale of its Graphic Papers business to South African Sappi Limited for EUR 750 million. The sale is subject to the approvals by the Sappi shareholders' meeting and the competition authorities, as well as the implementation of Sappi's planned rights offering.
The EU competition authorities have on 31 October 2008 approved the transaction. Also the US competition authorities have approved the transaction.
The Sappi extraordinary ...