The shareholders of the Finnish group Ahlstrom voted in favour of the planned spin-off of its Label & Processing division's European activities and the sale of LP's Coated Specialities in Brazil at an extraordinary general meeting held on 27 November 2012. However, both transactions, in which the Label & Processing division is to be merged with the Swedish pulp and specialty paper manufacturer Munksjö AB to form Munksjö Oyj, still have to be approved by competition authorities. The first part of the transaction, the merger of Munksjö and LP Europe, was notified to the EU Commission's Directorate General for Competition on 31 October.
