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In March 1992, Kari Heinisto, Head of Corporate Planning at the Finnish construction materials company Partek, was attending a secret meeting. Heinisto was going to meet the Head of Corporate Planning at the Finnish conglomerate Metra. Partek and Metra, through its subsidiary Lohja, were both dominant players in the Finnish construction materials market. In a very difficult economic situation (Finland was in the middle of a serious recession), Mr Heinisto had to find a restructuring solution together with his colleague that would be acceptable to both Partek and Metra. Or, if that was not possible, a way to restructure Partek alone. The case is best used with the accompanying industry note (301-104-6), reflecting the Finnish economy and the construction materials industry in general.