Arctic Paper's Share in Rottneros Now at 51.6%
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Arctic Paper S.A., Poland, has increased its share in Rottneros, Sweden, to 51.6%. Arctic Paper, according to a report in EUWID Pulp and Paper this week, communicated on February 7 that it had been able to acquire not only the shares of Skagen Vekst Verdipapirfondet, who had previously publicly declined the offer, but another 4.3% in Rottneros.cThe 4.3% was acquired outside of the offer. Arctic Paper said that it may continue to acquire shares in Rottneros outside of the offer, provided that such potential acquisitions from time to time are deemed favorable.
Now that Arctic Paper owns a majority share in Rottneros, the company is once again hopeful that it will be able to acquire more than 90% in the pulp manufacturer and combine the two entities, EUWID noted. The acceptance period has once again been extended to February 25.
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