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Powerflute Oyj acquisition and placing
18.12.2008
Powerflute Oyj ("Powerflute"), is pleased to announce that its agreement to acquire the assets of Papierfabrik Scheufelen GmbH & Co KG (“Scheufelen”) announced on 1 October 2008 (the "Acquisition") has become unconditional. Total consideration for the property, plant and equipment is €20m, with a further anticipated investment of €25m in working capital. Completion of the Acquisition is expected to take place by 31 December 2008.