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Institutions aquires big ownership in BillerudKorsnäs

Investment AB Kinnevik announced that they have divested its shareholding of 25,1% in BillerudKorsnäs to certain Swedish institutions including AMF Försäkring, Fjärde AP Fonden and Alecta.
As a result of the transaction, FRAPAG Beteiligungsholding AG is now the largest shareholder in BillerudKorsnäs with 15.5% of the votes.

“At BillerudKorsnäs, we will continue our dedicated work with implementing the right strategies in each of our different market segments to achieve a healthy level of sustainable growth and at the same time create long-term shareholder value”, says Hannu Ryöppönen, Chairman of the Board of BillerudKorsnäs, according to the transaction.
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