Recent work | June 28, 2019

Roschier represented BillerudKorsnäs in forestry deal

In the sale of a majority stake in Bergvik Skog Öst AB to AMF Pensionsförsäkring AB, Roschier represented seller BillerudKorsnäs AB.

BillerudKorsnäs AB (publ) sells 89.9 percent of the shares in Bergvik Skog Öst AB to AMF Pensionsförsäkring AB for a price corresponding to an enterprise value of SEK 12.2 billion on a debt free basis. The valuation means a price of approximately SEK 38,500 per hectare of forestland.

Bergvik Skog Öst and BillerudKorsnäs have in connection with the transaction agreed on a 15-year long agreement regarding the supply of wood, whereby BillerudKorsnäs will be the sole buyer of the wood volumes from Bergvik Skog Öst’s lands, corresponding to approximately one-tenth of BillerudKorsnäs’ total wood supply.

The transaction is conditional on approval from the Swedish Competition Authority and is expected to be completed during the third quarter of 2019.

Roschier’s deal team mainly comprised Björn Winström, Markus Olsson, Marcus Hedén, John Ersson and Malou Scherlin.