As a result of the transaction, FRAPAG Beteiligungsholding AG is now the largest shareholder in BillerudKorsnäs with 15.5% of the votes.
“At BillerudKorsnäs, we will continue our dedicated work with implementing the right strategies in each of our different market segments to achieve a healthy level of sustainable growth and at the same time create long-term shareholder value”, says Hannu Ryöppönen, Chairman of the Board of BillerudKorsnäs, according to the transaction.