KLIPPAN, Sweden, April 27, 2005 (PRIMEZONE) -- International Paper Europe has informed that they are breaking off the negotiations regarding KLIPPAN's possible acquisition of the French paper mill Papeteries de Maresquel. The parties will have the opportunity to restart negotiations during the autumn of 2005.
Negotiations in accordance with the law on co-determination at work regarding the closing down of Molndal Mill have begun. The work of selling KLIPPAN's real estate at Molndal and the planned new share issue are continuing in order to improve the financial basis for the company.
Board member deceased
It is with great sorrow that KLIPPAN's management and Board must inform that our deputy Board member Gunnar Bergstrand has died. Ahead of the annual general meeting, Bergstrand was nominated as ordinary Board member.
This information was brought to you by Waymaker http://www.waymaker.net
The following files are available for download:
http://wpy.waymaker.net/client/waymaker1/WOLReleaseFile.aspx?id=92650&fn=wkr0010.pdf