History

The following timeline shows the key events in the development of Powerflute

January 2005 Acquisition of Savon Sellu from M-real
April 2007 Listing on AIM
April 2008 Establishment of Harvestia
January 2009 Acquisition of Papierfabrik Scheufelen
November 2010 Rights issue and placing to raise €20 million for investment purposes
Janaury 2011 Introduction of Vapo as a partner in Harvestia
May 2011 Disposal of Papierfabrik Scheufelen
January 2012 Departure of Myllykoski Corporation from Harvestia
July 2012 Acquisition of 10% minority investment in Kotkamills
December 2014 Acquisition of Corenso
March 2015 Disposal of 10% minority investment in Kotkamills

.