Metsä Board sells Hangö Stevedoring to Euroports

Metsä Board, part of Metsä Group, and Euroports have signed an agreement on 16 December 2021, according to which Metsä Board Corporation will sell the entire share capital of its fully owned subsidiary Oy Hangö Stevedoring Ab to Euroports Finland Oy. The transaction is expected to be completed in the first quarter of 2022. The parties have mutually agreed that the transaction price will not be disclosed. The gain on sale will be reported as an item affecting comparability and will not have a material impact on Metsä Board’s key financials.

Hangö Stevedoring is a port operator in the Port of Hanko and its business is not part of Metsä Board’s core business. The company has approximately 180 employees and its sales in 2020 were approximately EUR 20 million.

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