M-real to 'squeeze out' minority shareholders in Zanders Feinpapiere AG.
NORDIC BUSINESS REPORT-19 April 2002-M-real to 'squeeze out' minority shareholders in Zanders Feinpapiere AG (C)1994-2002 M2 COMMUNICATIONS LTD http://www.m2.com
The Finnish forest industry company M-real Corporation said today (19 April) that it would take advantage of Germany's new 'squeeze-out law' to purchase the remaining shares of Zanders Feinpapiere AG held by minority shareholders.
M-real currently holds 9.757% of the ordinary shares and 98.790% of the preferred shares of Zanders through its company M-real Deutsche Holding GmbH.
M-real said that it would pay EUR80 per ordinary share and EUR85.94 per preferred share.
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|Publication:||Nordic Business Report|
|Article Type:||Brief Article|
|Date:||Apr 19, 2002|
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