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Nordic Paper Holding AB ( (SE:NPAPER) ) has provided an update.
Coniferous Bidco AB, controlled by Strategic Value Partners, LLC, has initiated a compulsory redemption of remaining shares in Nordic Paper Holding AB after acquiring over 90% of the company’s shares. Consequently, Nordic Paper’s board has resolved to apply for de-listing from Nasdaq Stockholm, with the last trading day to be announced. The move signifies a significant shift in ownership and operational strategy for Nordic Paper, impacting its market presence and shareholder structure.
The most recent analyst rating on (SE:NPAPER) stock is a Hold with a SEK51.00 price target. To see the full list of analyst forecasts on Nordic Paper Holding AB stock, see the SE:NPAPER Stock Forecast page.
More about Nordic Paper Holding AB
Nordic Paper is a leading specialty paper producer based in Scandinavia, known for manufacturing high-quality kraft papers and natural greaseproof papers since the 19th century. The company utilizes renewable raw materials from local forests and operates five paper mills, four in Scandinavia and one in Canada, supplying customers in over 80 countries. In 2024, Nordic Paper reported net sales of SEK 4,668 million and employed approximately 700 people.
YTD Price Performance: 13.34%
Average Trading Volume: 65,608
Technical Sentiment Signal: Strong Buy
Current Market Cap: SEK3.19B
For detailed information about NPAPER stock, go to TipRanks’ Stock Analysis page.