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Shanying International plans to sell its entire stake in Nordic Paper for approximately 1.1 billion

   2024-10-29 310
 Shanying International announced that Strategic V, alue Partners, LLC (SVP) plans to issue a cash offer of 50 Swedish kronor per share to shareholders of Nordic Paper through its subsidiary Conifero

 Shanying International announced that Strategic V, alue Partners, LLC (SVP) plans to issue a cash offer of 50 Swedish kronor per share to shareholders of Nordic Paper through its subsidiary Coniferous Bidco AB to acquire all of their shares. The current total share capital of Nordic Paper is 66.91 million shares, and the total consideration for this offer is expected to be approximately 3.35 billion Swedish kronor, equivalent to approximately 2.28 billion yuan.

  Shanying International indirectly holds 32.22 million shares of Nordic Paper through SUTRIV Holding AB, accounting for 48.16% of its total share capital. The total consideration of this transaction is approximately 1.611 billion Swedish krona, equivalent to approximately 1.1 billion yuan. The transaction does not constitute a related transaction or a major asset reorganization. In order to ensure the smooth progress of the transaction, Sweden Holdings has signed an "Irrevocable Commitment" with SVP, promising to accept the offer and not to cancel it.


 
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