Jefferson Smurfit agrees €450m paper deal
22/12/2004 - 16:43:49Jefferson Smurfit Group today announced it has signed an agreement to sell its Munksjö specialty paper business to the EQT III Fund for approximately €450m.
The agreement is subject to customary regulatory approvals. The proceeds from the disposal will be used to pay down debt.
The Munksjö assets being sold comprise pulp, décor paper, and specialty paper businesses and have estimated sales from operations for the year of approximately €480m.
