Folksam invests in Northland
Northland has announced today that a long-term financial solution has been proposed involving an injection of USD 335 million into the company through a bonds issue.A consortium consisting of Folksam, Metso, Norrskenet and Peab is investing a total of USD 100 million – USD 25 million each – in Northland’s bonds. As a result of this investment, the consortium is entitled to appoint four out of seven board members. The aim is to have a controlling interest in the company and to contribute expertise in restoring confidence in the company. The investment means that Northland will have a new
