FINLAND (News release) -- Metsä Board, part of Metsä Group, plans to purchase from Pohjolan Voima Oyj all the shares it owns in Hämeenkyrön Voima Oy, and thereby consolidate its local operations in the Kyröskoski mill area. The transaction is subject to e.g. the decisions of the Extraordinary General Meeting of Pohjolan Voima Oyj to redeem Pohjolan Voima Oyj's G10 series shares from Metsä Board and to sell its shares in Hämeenkyrön Voima Oy to Metsä Board.

The estimated completion of the transaction would be at the end of 2021 or at the beginning of 2022. After the arrangement, Metsä Board will own 84% of Hämeenkyrön Voima Oy and DL Power Oy, owned by Leppäkosken Sähkö Oy, will own 16%. The arrangement will not have a significant impact on Metsä Board's key financial figures.