# Prinzhorn to acquire 50% stake in Russia's SFT Group

Austria's Prinzhorn Group has signed an agreement to buy a 50% stake in Russian paper and corrugated packaging maker SFT Group, which will become a joint venture. The deal is subject to regulatory approval and its value was not disclosed.

- Type: Acquisition
- Announced: 2019-04-23
- Where: Russia
- Status: announced
- Capacity: 450,000 t of recycled containerboard and 500 million m2 of corrugated packaging per year
- Products: recycled containerboard, corrugated packaging
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Prinzhorn Group](https://endata.com/companies/1194.md) (acquirer)
- [SFT Group](https://endata.com/companies/4935.md) (target)

## Sources

- [euwid-paper.com](https://www.euwid-paper.com/news/markets/prinzhorn-to-acquire-50-stake-in-russias-sft/), 2019-04-23: "SFT will become a joint venture company with Prinzhorn group holding 50 % of the shares."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.