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Last potential investor for Walsum mill quits takeover talks

03 Jun 2016 − 

The last potential investor for the Walsum publication paper mill in Germany pulled out of takeover talks this week.

The mill's administrator Andreas Röpke told EUWID that takeover talks with the last potential investor, which had been held since the end of April, ended without any results. It becomes thus increasingly unlikely that the Walsum publication paper mill will continue to produce paper in the future. The administrator said that the last orders that were produced recently would be delivered, and the mill's stocks are to be sold off. Walsum's PM 10, which was undefinitely stopped in the middle of May, will not be restarted. The mill is then to be sold as a whole or in parts.

About 60 of the mill's last 200 workers will continue to be employed for handling the last orders and mothballing the mill. Talks on a social plan have been started.

Find the entire article and any associated background information in EUWID Pulp and Paper no. 23.

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