BillerudKorsnäs sells a majority stake in Bergvik Skog Öst
BillerudKorsnäs has today entered into an agreement for the sale of a majority stake in Bergvik Skog Öst to the pension company AMF.BillerudKorsnäs sells 89.9% of Bergvik Skog Öst AB for a price corresponding to an enterprise value of SEK 12.2 billion on a debt free basis. The valuation means a price of approximately SEK 38,500 per hectare of forestland.Bergvik Skog Öst and BillerudKorsnäs have in connection to the transaction agreed on a 15-year long agreement regarding the supply of wood, whereby BillerudKorsnäs will be the sole buyer of the wood volumes from Bergvik Skog Öst’s lands,