The European Commission has approved that the US private equity firm Strategic Value Partners, SVP, becomes the majority shareholder in the paper mill company Nordic Paper. This is stated in a press release.
The background is that the former main shareholder, Chinese Shanying International Holding, wanted to sell its holding in Nordic Paper and therefore presented SVP as a buyer.
SVP has made a mandatory offer of SEK 50 per share for all shares in Nordic Paper. The Board of Directors of Nordic Paper recommends the shareholders not to accept the offer. The share is currently trading at SEK 49.80, which is slightly lower than the offer of SEK 50.
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