No sale of Nordic Paper
Nov 25 2011 The sale of greaseproof and kraft paper producer Nordic Paper, which was initiated earlier this year, has been cancelled.
The process to sell Nordic Paper, which has three paper mills in Sweden and one in Norway, has been stopped. According to Jan Runo, CEO of Nordic Paper, the reason is the economic climate in Europe and in the world.The initiative to sell Nordic Paper was taken in the beginning of this year by Norwegian investment company Norgesinvestor III, which is one of the biggest owners of Nordic Paper and has 32.6 percent of the company. /AA