date:Jun 22, 2012
The deal will see Korsnas holding company, Kinnevik, sell its shares in the firm to Billerud for SEK 2.7bn and in return receive a 25% stake in Billerud as part of a rights issue.
The transaction, which comes amid a rising consolidation trend within certain sectors of the European packaging industry, is expected to be completed in the fourth quarter of 2012.
The deal is subject to the approval of the relevant competition authorities.
The firms said the merger would allow them to become more c