Modo Paper's stock market flotation off
Modo Paper's stock market flotation off In view of the current stock market valuation of shares in the forest products industry, SCA and Holmen have jointly decided to suspend their plan to float Modo Paper on the stock market and broaden its share ownership. The flotation of Modo Paper, in which SCA and Holmen each have a 50 per cent interest, was planned for this spring. This decision means that neither SCA's announced initial public offering (IPO) of 35 per cent of the total number of shares in Modo Paper nor Holmen's announced distribution of an equivalent number of shares in Modo Paper