Strategic Value Partners to acquire Nordic Paper for SEK3.345bn.

Strategic Value Partners, a global investment firm, offered to acquire Nordic Paper, a producer of Greaseproof Paper and Kraft Paper, for SEK3.345bn. "The Board of Directors initiated a process to explore a potential sale of the Company as a result of Shanying’s stated intention to divest its stake. We have explored various alternatives, and although the Board of Directors unanimously recommends shareholders not to accept the Offer, we are pleased with today’s announcement. This represents an orderly transition to a new main owner, who we believe can contribute to the Company’s future development," Thomas Körmendi, Nordic Paper Chairman of the independent committee of the Board of Directors.