JSG Announces Offer for Papelera NavarrA.Business Editors DUBLIN, Ireland, LONDON & NEW YORK--(BUSINESS WIRE)--June 3, 2003 Jefferson Smurfit Group ('JSG') today announced that a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Smurfit Espana S.A. ('SE'), has made an offer for the outstanding share capital of its associate company Papelera Navarra S Navarra conventional Navarre Autonomous community (pop., 2006 est.: 601,874) and province, northern Spain. Established in 1982, it has an area of 4,012 sq mi (10,391 sq km) and is bordered by France. .A ('Navarra'). SE currently owns 45.8% of the issued share capital of Navarra. Consideration for the acquisition will be approximately euro 29.5 million. Navarra is a Spanish Spanish, river, c.150 mi (240 km) long, issuing from Spanish Lake, S Ont., Canada, NW of Sudbury, and flowing generally S through Biskotasi and Agnew lakes to Lake Huron opposite Manitoulin island. There are several hydroelectric stations on the river. producer of containerboard con·tain·er·board n. A corrugated or solid cardboard used to make containers. , sack kraft and machine-glazed (MG) paper. |
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