The European commission has given regulatory approval for Mets-Serlas purchase of 72% of Zanders' shares from International Paper (IP) (PrintWeek, 1 September).
The Zanders deal increases Mets-Serlas share of the European market from 23% to 27%, and its total paper capacity from 4.7bn tonnes to over 5bn tonnes.
Mets-Serla has also acquired another 440,000, or 15.7%, of Zanders shares for 15.8m (EUR 26m).
The purchase offer for the IP shares is said to be worth in the region of 149m (EUR 245m).
Mets-Serlas holding in Zanders Feinpapiere stands at 87.4% as a result.
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"I'm sure this will go down well with print supply chain vendors. What terms is it that ADM are after - 180 days is it?"
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Unencumbered assets that weren't on the Reflections books, I believe.
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Jo"
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