Anhui Shanying Paper Industry Co.,Ltd. entered into an agreement to acquire Nordic Paper Holding AB from Special Situations Venture Partners III, L.P. managed by Orlando Management AG and Petek Gesellschaft zur Herstellung chemischer Produkte mbH for SEK 2.4 billion.

Anhui Shanying Paper Industry Co.,Ltd. (SHSE:600567) entered into an agreement to acquire Nordic Paper Holding AB from Special Situations Venture Partners III, L.P. managed by Orlando Management AG and Petek Gesellschaft zur Herstellung chemischer Produkte mbH for SEK 2.4 billion on July 20, 2017. Post completion of the acquisition, Nordic Paper will remain as an independent European pulp and paper company and there will be no changes regarding the business or operations at the moment. The transaction is subject to approvals by relevant Chinese authorities as well as the shareholders meeting of Anhui Shanying Paper.

As of September 13, 2017, the shareholders of Shanying Paper approved the transaction. KPMG acted as financial advisor for Orlando Management AG and Petek Gesellschaft zur Herstellung chemischer Produkte mbH. Celedonio Moncayo of Pöyry Capital Limited acted as financial advisor to Anhui Shanying Paper Industry Co.,Ltd.