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BRIEF-Sappi Says ‍Proposed Acquisition Of Speciality Paper Business Of Cham Paper Group Holding
December 5, 2017 / 6:09 AM / 8 days ago

BRIEF-Sappi Says ‍Proposed Acquisition Of Speciality Paper Business Of Cham Paper Group Holding

Dec 5 (Reuters) - Sappi Ltd:

* ‍PROPOSED ACQUISITION BY SAPPI OF SPECIALITY PAPER BUSINESS OF CHAM PAPER GROUP HOLDING AG​

* SAPPI - ‍REACHED AGREEMENT WITH CPG, CO WILL PURCHASE SPECIALITY PAPER BUSINESS ASSETS FROM CPG CONSISTING OF TWO MILLS IN ITALY AND DIGITAL IMAGING BUSINESS IN SWITZERLAND

* ‍ACQUISITON IS FOR CONSIDERATION OF CHF146.5 MILLION (APPROXIMATELY US$149 MILLION)​

* ‍CLOSING DATE OF ACQUISITION IS EXPECTED DURING Q1 2018​ Source text for Eikon: Further company coverage: (Bangalore.newsroom@thomsonreuters.com)

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