Nordic Paper plans IPO

08 Oct 2020 − 

Shanying is to "monetize its holding as a natural next step to fur-ther diversify its holdings and geographic expo-sure."

Swedish packaging paper producer Nordic Paper intends to have its shares listed on the Nasdaq Stockholm stock exchange. The company, which has been majority-owned by Chinese paper manufacturer Shanying International since the end of 2017, said it is seeking to gain access to the Swedish and international capital market. Nordic Paper stated that its main shareholder Shanying International has the opportunity to "monetize its holding as a natural next step to further diversify its holdings and geographic exposure". At the same time, the company stressed that Shanying remains a shareholder committed to the company and intends to retain part of its shares in Nordic Paper.

Nordic Paper plans to sell its shares to institutional investors in Sweden and other countries as well as to the general public in Sweden.

Nordic Paper says its figures show an organic turnover growth from SEK2.13bn in 2012 to SEK3.23bn in 2019 and an Ebidta of SEK629m last year. The company's product focus is on kraft papers and greaseproof papers. The company has a production capacity of 286,000 tonnes per year in its four mills Bäckhammar, Åmotfors, Säffle and Greåker.

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