BillerudKorsnäs sells 89.9% stake in Bergvik Skog Öst to AMF

BillerudKorsnäs agreed to sell 89.9% of Bergvik Skog Öst AB to pension company AMF at an enterprise value of SEK 12.2 billion (US$1.32 billion), debt-free. A 15-year wood supply agreement keeps BillerudKorsnäs as sole buyer of wood from the lands.

“BillerudKorsnäs sells 89.9 percent of Bergvik Skog Öst AB for a price corresponding to an enterprise value of SEK12.2 billion (US$1.32 billion) on a debt-free basis.”packaginginsights.com

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