Brief: Nordic Paper To Grow In North America By Acquisition Of Glassine Canada Inc.

Nordic Paper Holding AB

20/12/2021 05:51

Dec 20 (Reuters) - Nordic Paper Holding AB  NPAPER.ST :
    * NORDIC PAPER TO GROW IN NORTH AMERICA BY ACQUISITION OF
GLASSINE
CANADA INC.
    * PRELIMINARY PURCHASE PRICE FOR GLASSINE CANADA INC. ON A
CASH
AND DEBT FREE BASIS IS BETWEEN CAD 81M AND 92M (SEK 574-652M)
    * FINAL PURCHASE PRICE IS DEPENDENT ON PERFORMANCE OF
COMPANY UP
UNTIL YEAR END
    * TRANSACTION WILL BE FINANCED BY NORDIC PAPER USING CASH
AND ITS
EXISTING CREDIT FACILITIES
    * ACQUIRED BUSINESS WILL, AFTER CLOSING, BE REPORTED WITHIN
NATURAL GREASEPROOF SEGMENT

Source text for Eikon:  ID:nWkr9HBPjr 
Further company coverage:  NPAPER.ST 

 ((Reuters.Briefs@thomsonreuters.com;))