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UPM sells its RFID Business to SMARTRAC

(UPM, Helsinki, 22 December 2011 at 10:05) – UPM has reached an agreement with SMARTRAC N.V. today whereby UPM sells its RFID business to SMARTRAC. UPM will become an indirect shareholder of SMARTRAC with a 10.6 percent economic interest through the company OEP Technologie B.V. The closing of the deal is expected to take place during the first quarter of 2012.

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