Mets-Serla is negotiating to buy Modo Paper from owners SCA and Holmen. If the deal succeeds SCA will get Mets-Tissue in return for its share while Holmen is most likely to be paid in cash.
Modo Paper was formed last year through a merger of the fine paper businesses of SCA and Holmen. The aim was to eventually list the company but difficult trading conditions within the paper industry have made this an unrealistic prospect.
SCA, Europes largest tissue producer, already has a 20% stake in Mets-Tissue but up until now Mets-Serla had been unwilling to sell its 65% share. If finalised, the deal will promote Mets-Serla into a league with StoraEnso, Europes largest producer of fine paper.
Analysts have valued Modo Paper at around $800m.
Have your say in the Printweek Poll
Related stories
Latest comments
"Been there too!"
"Very True"
"Customers expect quality as a basic requirement so quality is no longer a selling point as its a given. Similarly so, accreditations are a nice to have and show customers that you are committed but as..."
Up next...
50 accredited partners offering GGS loans
Guaranteed Growth Scheme receives extra £500m as tariffs bite
Flatter and streamlined organisation
Stora Enso restructure to reflect renewable packaging importance
Took over in the role on 1 April
Paul Brough becomes Mail Users’ Association chair
Birmingham's Marco Pierre White restaurant