Neste Chemicals sold Krems Paper Chemicals to Kemira Chemicals in September 2000. The purchase price of EUR 34 million also included agreements in supplying continuing shared-site services to Kemira Chemicals. The transaction enabled Neste Chemicals to continue focusing on its core operations and also created significant improvement in Kemira’s market position and product range in paper chemicals.
Pöyry Capital acted as Exclusive Financial Advisor to Neste Chemicals and its owner, Industri Kapital.