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Examples
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The transaction between Ahlstrom and Suominen will create a company that can reinforce its position as the global leader in developing and manufacturing roll goods nonwovens for wipes.
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Ahlstrom to divest its Home and Personal business area to Suominen Ahlstrom Corporation STOCK EXCHANGE RELEASE 4.8.2011 at 9:00
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Ahlstrom will hold a joint press and analyst conference together with Suominen in Helsinki today at 12.00 p.m.
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Together with Suominen, the wipes materials business is better positioned to achieve its strategic and financial targets as part of an entity with a strong focus on wipes.
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Ahlstrom Corporation, a global high performance materials company, has today signed an agreement to divest its wipes fabrics business area, Home and Personal, to Suominen Corporation, a Finnish publicly listed company.
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Ahlstrom has agreed to a two-year lock-up period for a minimum of 20% ownership in holding its Suominen shares.
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Ahlstrom Corporation, a global high performance materials company, and Suominen Corporation have confirmed the closing of the divestment of Ahlstrom's wipes fabrics, the Home and Personal business area, to Suominen Corporation on October 20, 2011.
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Ahlstrom has committed not to decrease its ownership in Suominen below 20% for a maximum of two years.
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Following the transaction, Ahlstrom becomes the largest shareholder in Suominen with a 27.1% stake.
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More information is available at Suominen produces high-quality flexible packaging, wet wipes and nonwovens for industry and the retail sector.
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