NEWS&LINKS
Shanying Paper Acquiring Corporation Nordic Paper 100% equity
2017-11-14

Announced on July 21st 2017, the company’s Sweden subsidiary, Gold Cup plays the main role as  acquiring entity, which intends to invested 2. 4 billion Swedish Krona, about 1.952 billion yuan to purchase Nordic Paper Company’s 100% equity. With that, Shanying Paper International will enter into the high technology field and high-end specialty paper market segments with strong profitability. The target company's oil-resistant paper products ranks No. 1 in European market share which is a leader in this market segment.  At the same time, the target company's kraft paper is one of the main suppliers of European high-end food, chemical, shopping bag products. The equity acquisition has important strategic significance for the improvement of the overall paper-making technology and the improvement of the product structure for the company, as well as the synergy of the globalized strategy of the Shanying Paper.

Link to Announcement:http://www.sse.com.cn/disclosure/listedinfo/announcement/c/2017-07-21/600567_20170721_3.pdf