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Europe Daily Bulletin No. 10740

29 November 2012
ECONOMY - FINANCE - BUSINESS / (ae) competition
Kinnevik takeover of Billerud approved with conditions

Brussels, 28/11/2012 (Agence Europe) - A press release has explained that on 27 November, the European Commission cleared the proposed acquisition of Swedish pulp- and paper-based packaging products manufacturer Billerud by the Swedish investment company Kinnevik, owner of the rival paper company Korsnäs, also of Sweden. The clearance is conditional upon the divestment of Korsnäs' white sack kraft paper and white machine finished/unglazed (“MF/UG”) kraft paper business. The Commission...

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