BillerudKorsnäs completes sale of a majority stake in Bergvik Skog Öst
BillerudKorsnäs has completed the sale of 89.9% of the shares in Bergvik Skog Öst to the pension company AMF.
The divestment effects BillerudKorsnäs’ cash flow positively by approximately SEK 7.9 billion. The capital gain of approximately SEK 5.6 billion will be recognised under the heading Profit from discontinued operations in the interim report for the third quarter.
For further information, please contact:
Ivar Vatne, CFO, +46 8 553 335 07
Lena Schattauer, Head of Investor Relations, +46 8 553 335 10
This information constituted inside information prior to publication. This is information that BillerudKorsnäs AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 12:15 CET on 30 August, 2019.