Tuesday , July 23 2019
Home / sweden / Billerud Korsnas goes with a billionaire news – news

Billerud Korsnas goes with a billionaire news – news



economy Forest company Billerud Korsnäs buys Bergvik Skog Öst AB with about 350,000 hectares of forest land. The pricelist is $ 6.4 billion on a debt basis after a deferred tax deduction, according to Billerud Korsnäs's statement.

Billerud Korsnäs has already sent a letter of intention to buy property in November 2017.

"Our acquisition of Bergvik Forest Öst is an important part of securing a long-term competitive and stable flow and now we have added another important piece of paper to achieve the full potential of Billerud Korsnäs," said Petra Einarsson, CEO of Billeruda Korsnäs. .

He adds that the next step will be to assess the possibility of joining one or more partners as partners in the company's forestry assets.

Billerud Korsnäs also signed an agreement to transfer his 5-percent stake in Bergvik Skog Väst AB Stora Enso.

Transactions Billerud expects to be completed in the first half of 2019 are conditioned by the green light of the Swedish Competition Protection Agency.


Source link