Arctic Paper S.A. has announced a public offer to acquire all shares in Rottneros AB, a non-integrated and customized supplier of high quality paper pulp listed on NASDAQ OMX Stockholm. Rottneros’ Board of Directors has unanimously recommended the offer.
The combined group will be a leading European producer of bulky book paper, high-quality graphic fine paper and pulp for paper producers. In addition, it will remain a significant supplier of market pulp. The combined group will have a good balance between pulp production and consumption in the fine paper mills and thus be less volatile than the two companies as stand-alone entities. It will have four fine paper mills and two pulp mills.
Arctic Paper does not anticipate any material effects of the implementation of the offer for Rottneros’ business or employees, including employment conditions and employment levels at locations where Rottneros currently conducts business.
Until the completion of the offer, Rottneros and Arctic Paper will operate as two independent listed companies with their current boards and management teams, respectively.
