Rottneros AB contemplates a SEK bond issue subject to prevailing market conditions and final decision by Rottneros AB’s Board of Directors. According to the announcement, the company has given Swedbank a mandate to hold meetings with bond investors.
The bond issue is a part of completing the financing of the strategic plan “Agenda 500” – an investment program with the total framework of SEK 800 million (around USD 93.5 million).
Earlier Rottneros appointed Michael Berggren as mill manager of Vallvik Mill.
The company is an independent and flexible supplier of customized and high-quality pulp. It produces paper pulp at two pulp mills in Sweden: chemical pulp is produced at Vallvik; mechanical pulp is produced at the mill in Rottneros. It also includes the wood procurement company Rottneros Baltic SIA in Latvia. Rottneros had turnover of approximately SEK 1.5 billion in the 2014 financial year employing around 250 people.