Billerud AB has on 19 June 2012 entered into an agreement with Investment AB Kinnevik to acquire all shares in Korsnäs AB. The acquisition of Korsnäs was, according to the agreement, conditional upon approval by the shareholders of Billerud at a General Meeting and upon approval of relevant competition authorities. An Extraordinary General Meeting held recently resolved to approve the Board's decision to acquire Korsnäs on the terms and conditions set out in the proposal.
Relevant competition authorities have not yet announced their approval of the transaction. Completion of the transaction will take place as soon as this condition is fulfilled.
