Nordic Paper to sell minority shareholding in Åmotfors Energi AB

Nordic Paper has entered into a binding agreement to sell its 37.6% minority shareholding in Åmotfors Energi AB to the utility infrastructure company Nevel AB. Nevel AB has also agreed to acquire all shares from other owners which means that Åmotfors Energi AB will become fully owned by Nevel AB. In conjunction with the transaction, Nordic Paper and Åmotfors Energi AB have entered into a new long-term supply agreement for steam, hot water, and part of the electricity that is required for the production of kraft paper at the Nordic Paper production plant in Åmotfors.