Valmet proposes statutory merger with Neles

Valmet proposed to the Neles board on 29 September 2020 to start talks on a statutory merger of the two Finnish companies. Valmet had already built its Neles stake to 29.5%.

“Valmet has today approached the Board of Directors of Neles with a proposal to start discussions on a potential statutory merger between the two companies.”valmet.com

• 3 sources
• valmet.comValmet has proposed a statutory merger between Valmet and Neles to the Board of Directors of NelesSep 29, 2020
• reuters.comValmet seeks merger with Neles, challenging Alfa LavalSep 29, 2020
• valmet.comValmet sustains its goal to merge Valmet and NelesOct 12, 2020

Summarized from public sources; check the original articles before acting on it.