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.
Have your say in the Printweek Poll
Related stories
Latest comments
"Gosh! That’s a huge debt - especially HMRC! It’s a shock that HMRC allowed such an amount to be accumulated."
"Whatever happened to the good old fashioned cash job! At least the banks didn't take 2-3% of each sale. After 30 odd transactions that £100 quid you had has gone."
"It's amazing what can be found on the "web" nowadays!"
Up next...
Replacement 'will be operational later this year'
Walstead makes decision on Bicester 64pp
'Ridiculous decision'
Unite “prepared to fight” on proposed DS Smith site closure
Also helps mitigate volatile energy prices
