NASDAQ OMX (NASDAQ: NDAQ) announced that trading in Munksjö Oyj (MUNK1) shares commenced today on the main market of NASDAQ OMX Helsinki. Munksjö is a mid cap company within the sector Basic Materials. Munksjö Oyj was formed by combination of Munksjö AB and Ahlstrom’s Label and Processing business.
The combination makes Munksjö Oyj a global leader in high-quality specialty papers with combined pro forma net sales of EUR 1.2 billion. Munksjö Oyj will have approximately 3,000 employees and 15 production sites. Munksjö’s unique product offering will offer and serve its global customers with a focused range of high-value-added specialty papers to selected industry sectors and consumer-driven products.
Jan Åström, President and CEO of Munksjö Oyj commented: “We are today happy to start trading on the main market of NASDAQ OMX Helsinki. Both the exchange and Munksjö have a history going back for over 100 years, and it is with great pleasure that we now continue our journey together. As the majority of our shareholders reside in Finland, a listing in Helsinki was a natural choice for us.”
Lauri Rosendahl, President of NASDAQ OMX Helsinki said: “We would like to extend a warm welcome to Munksjö Oyj to NASDAQ OMX Helsinki where it will be a great addition to our group of internationally strongly positioned mid cap companies. We look forward to a strong partnership and to providing the company and its shareholders with the highest level of service, liquidity and brand visibility associated with a listing on NASDAQ OMX markets.”