Investment AB Kinnevik today announced that they have divested its shareholding of 25.1% in BillerudKorsnäs to certain Swedish institutions including AMF Försäkring, Fjärde AP Fonden and Alecta. As a result of the transaction, FRAPAG Beteiligungsholding AG is now the largest shareholder in BillerudKorsnäs with 15.5% of the votes.
“We are pleased to see that there is a significant interest in the BillerudKorsnäs share and that the long-term institutional shareholder base is now further increased as a result of the transactions that were announced today. At BillerudKorsnäs, we will continue our dedicated work with implementing the right strategies in each of our different market segments to achieve a healthy level of sustainable growth and at the same time create long-term shareholder value”, says Hannu Ryöppönen, Chairman of the Board of BillerudKorsnäs.
For further information, please contact:
Hannu Ryöppönen, Chairman of the Board of Directors, +44 7788 882627 or +46 (0)8 553 335 05
Per Lindberg, President and CEO +46 (0)8 553 335 00
Submitted for publication at 9.45 CET, December 9, 2013.