EU Commission gives green light for possible takeover of Nordic Paper by SVP
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The EU Commission has cleared the way for a possible takeover of the Norwegian paper manufacturer Nordic Paper by the US investment company Strategic Value Partners (SVP).
In a statement, the Commission said it had no objections to the planned transaction, which was notified to it on November 11 of this year. In October 2024, SVP submitted a takeover bid for Nordic Paper, which the previous majority shareholder Shanying International Holding recommended accepting.
The members of Nordic Paper's management, however, believe that the offer price does not correspond to the value of the company and therefore recommend not accepting the offer, although they welcome SVP as the new main shareholder in principle
Nordic Paper operates a total of five paper mills in Sweden, Norway and Canada. The production capacity amounts to 300,000 tons per year of paper, including kraft and kraft sack papers, greaseproof papers and specialty papers.
