NFB Pärnu Holdings OÜ Increases Stake in Nordic Fibreboard AS with Takeover Offer

NFB Pärnu Holdings OÜ, an Estonian company, has successfully completed a voluntary takeover offer for Nordic Fibreboard AS, acquiring 416,574 shares at EUR 0.944 per share. This acquisition increases NFB Pärnu Holdings' ownership to 48.16% and grants Joakim Johan Helenius dominant influence over the company with 58.41% of the votes.

The takeover offer, launched on April 25, 2024, aimed to acquire all shares in Nordic Fibreboard AS that were not already owned by NFB Pärnu Holdings or its associated persons. The offer period concluded on May 23, 2024, at 16:00 Estonian time. During this period, shareholders decided to sell a total of 416,574 shares, representing approximately 9.26% of the total shares in the company.

The payment for the shares will be made in cash, with the transfer of shares to NFB Pärnu Holdings scheduled for May 27, 2024. This strategic move significantly enhances the company's control over Nordic Fibreboard AS, further consolidating its position in the market.

Why this matters:

This acquisition has significant implications for the market and the future direction of Nordic Fibreboard AS. The increased ownership and control may lead to strategic changes and potential growth opportunities for the company.

Joakim Johan Helenius, who now holds 58.41% of the votes, will have a dominant influence over the future direction of Nordic Fibreboard AS. This development could lead to strategic changes and potential growth opportunities for the company under his leadership.

The voluntary takeover offer reflects NFB Pärnu Holdings' commitment to strengthening its stake in Nordic Fibreboard AS and underscores its confidence in the company's potential. Shareholders who participated in the offer received a competitive price of EUR 0.944 per share, reflecting the value NFB Pärnu Holdings sees in the acquisition.

As the payment and share transfer process concludes, stakeholders will be closely watching the strategic decisions and changes that may follow under the new dominant influence of Joakim Johan Helenius. The market will be keen to see how this increased ownership will impact Nordic Fibreboard AS's operations and growth trajectory.

In summary, NFB Pärnu Holdings OÜ's successful takeover offer for Nordic Fibreboard AS marks a significant shift in the company's ownership structure. With Joakim Johan Helenius now holding substantial voting power, the future of Nordic Fibreboard AS looks set for strategic evolution.

Key Takeaways

• NFB Pärnu Holdings acquires 416,574 Nordic Fibreboard AS shares at EUR 0.944 each.
• NFB Pärnu Holdings' ownership increases to 48.16%, with Joakim Johan Helenius holding 58.41% of votes.
• The takeover offer concludes, with payment and share transfer scheduled for May 27, 2024.
• Joakim Johan Helenius gains dominant influence over Nordic Fibreboard AS's future direction.
• The acquisition may lead to strategic changes and growth opportunities for the company.