Holmen completes sale of Spanish newsprint mill to International Paper
(Sweden, June 30, 2016) Holmen announced that the sale of its newsprint mill in Madrid, Spain to International Paper (IP) has been completed. The deal was previously announced in mid-March of this year.
IP has plans to convert production at the mill to recycled containerboard production, but will continue to produce newsprint at the mill until the second half of 2017. During this period, Holmen will sell the newsprint produced at the mill and continue to serve its customers.
“During this period we will maintain our service and deliveries of today’s products. Our customers will not be affected,” commented Nils Ringborg, CEO of Holmen Paper.
Included in the deal is the recycled paper collector Cartón y Papel Reciclado S.A. (Carpa) and Holmen´s 50 percent shareholding in the energy producer Peninsular Cogeneración S.A.
Included in the transaction is also the recycled paper collector Cartón y Papel Reciclado S.A. (Carpa) and Holmen´s 50 per cent shareholding in the energy producer Peninsular Cogeneración S.A. (Source: Holmen press release / image courtesy Holmen)
Caption: Holmen’s Madrid Newsprint Mill