Nordic Paper decides to explore a potential sale of the Company in response to Shanying’s announced intention to divest its 48.16% stake
Nordic Paper Holding AB (publ) (“Nordic Paper” or the “Company”) has noted that Shanying International Holding Co., Ltd (“Shanying”) has announced that Shanying intends to sell all or part of its stake in Nordic Paper. It is further noted by the Company that the intentions are at an early stage and that there can be no guarantee that a sale will be achieved or at what terms, including price. Shanying, via its wholly owned subsidiary SUTRIV Holding AB, currently holds 48.16% of the outstanding shares in Nordic Paper. A sale of a part or all of Shanying’s stake to a third party may trigger