Coniferous Bidco initiates compulsory redemption and Nordic Paper applies for de-listing

On 8 September 2025, Nordic Paper Holding AB announced that, following Strategic Value Partners, LLC (“SVP”) – through its subsidiary Coniferous Bidco AB – acquiring more than 90 percent of the company’s shares, the board of directors has resolved to apply for the de-listing of Nordic Paper shares from Nasdaq Stockholm.

SVP, through Coniferous Bidco, launched a cash offer on 11 October 2024 to acquire all shares in Nordic Paper at SEK 50 per share. The offer was declared unconditional and completed on 13 December 2024. On 9 January 2025, the final outcome of the offer showed that Coniferous Bidco had reached ownership of approximately 85.67 percent of the shares and votes. Since then, additional acquisitions have been made, bringing the holding above 90 percent.

As a result, Coniferous Bidco has initiated a compulsory redemption of the remaining shares. The last trading day for Nordic Paper on Nasdaq Stockholm will be announced once confirmed by the exchange. Minority shareholders will be notified of the redemption process and may, within two weeks of notification, request to appoint a joint arbitrator. If no arbitrator is appointed, the board will apply to the Swedish Companies Registration Office for a trustee to safeguard the interests of absent shareholders and appoint an arbitrator on their behalf.

In addition, upon Coniferous Bidco’s request, the board of directors will convene an extraordinary general meeting, the agenda will include, among other matters, the election of a new board member and the chairman of the board.