A China-based pulp and paper company, Anhui Shanying Paper Industry Co., LTD (“Anhui Shanying Paper”), has entered into an agreement to acquire 100 % of the shares in Nordic Paper Holding AB from Special Situation Venture Partner lll and Petek GmbH.
The new owner, Anhui Shanying Paper, is a part of Taison Group. The company is listed at the Shanghai Stock Exchange since 2001. Anhui Shanying Paper has communicated to the stock market its intention to expand and diversify, both in terms of product portfolio and geographically. Today its core business consists of recycled fibre trading, kraft paper manufacturing, packaging, design, printing and logistics.
Nordic Paper will remain as an independent European pulp and paper company and there will be no changes regarding the business or operations at the moment.
The transaction is subject to approvals by relevant Chinese authorities as well as the shareholders’ meeting of Anhui Shanying Paper.