SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 6-K

Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934

[March 29, 2004]

Metso Corporation
(Translation of registrant’s name into English)
Fabianinkatu 9 A,
PO Box 1220
FIN-00101
Helsinki, Finland

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or
Form 40-F

    Form 20-F   X   Form 40-F ___

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

    Yes ___ No   X  

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with
Rule 12g-32(b):82-____________

 

   

 


 

SIGNATURES

Date   March 29, 2004

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf of the undersigned, thereunto duly authorized.

Name:

Olli Vaartimo
Executive Vice President and CFO
Metso Corporation
Harri Luoto
Senior Vice President,
General Counsel
Metso Corporation

 

   

 


 

METSO TO SELL ITS SHARES IN SATO-YHTYMÄ TO ILMARINEN

(Helsinki, Finland, March 29, 2004) - Metso Corporation (NYSE: MX; HEX: MEO) has agreed to sell its 239,555 shares in Sato-Yhtymä Oyj to Ilmarinen Mutual Pension Insurance Company. The share holding represents 10.9 percent of the share capital of Sato-Yhtymä Oyj. The value of the sale is over EUR 15 million. The ownership of the shares will be transferred to the buyer on March 31, 2004.

Metso Corporation is a global supplier of process industry machinery and systems, as well as know-how and aftermarket services. The Corporation’s core businesses are fiber and paper technology (Metso Paper), rock and mineral processing (Metso Minerals) and automation and control technology (Metso Automation). In 2003, the net sales of Metso Corporation were EUR 4.3 billion. It has approximately 26,000 employees in 50 countries. Metso Corporation is listed on the Helsinki and New York Stock Exchanges.

For additional information, please contact:

Eero Leivo, SVP, Administration, Metso Corporation, tel. +358 204 84 3230

or

Helena Aatinen, Senior Vice President, Corporate Communications, Metso Corporation, tel. +358 20 484 3004
USA: Mike Phillips, Senior Vice President, Finance and Administration, Metso USA, Inc., tel. +1 617 369 7850.