SOLNA, Sweden--(BUSINESS WIRE)--Regulatory News:
BillerudKorsnäs’ (STO:BILL) sale of its shares in the Baltic pellets operations SIA Latgran is now completed. BillerudKorsnäs’ ownership in Latgran was 75 percent, and the remaining 25 percent was owned by Baltic Resources Ab. The total consideration for 100 percent of the Company amounted to EUR 104 million on a cash and debt free basis, corresponding to a multiple of 7x Latgran’s EBITDA for 2014.
The sale has been described previously in a press release dated 22 May 2015.
The information is such that BillerudKorsnäs Aktiebolag (publ) is obligated to publish under the Swedish Securities Market Act. Submitted for publication at 17.15 CET, 1 July 2015.
BillerudKorsnäs provides packaging materials and solutions that challenge conventional packaging for a sustainable future. We are a world leading provider of primary fiber based packaging materials and have customers in over 100 countries. The company has 8 production sites in Sweden, Finland and the UK and about 4 300 employees in over 13 countries. BillerudKorsnäs has an annual turnover of about SEK 21 billion and is listed on Nasdaq Stockholm. www.billerudkorsnas.com
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