Norske Skog AS vurderer offentlig tilbud og notering av aksjer på Oslo Børs
12/06/2019
NOT FOR DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OF AMERICA AND THE DISTRICT OF COLUMBIA) (THE "UNITED STATES"), AUSTRALIA, CANADA, THE HONG KONG SPECIAL ADMINISTRATIVE REGION OF THE PEOPLE'S REPUBLIC OF CHINA OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.
Norske Skog AS, en av de ledende, globale produsenter av publikasjonspapir, annonserer i dag at de har igangsatt en prosess for å vurdere et offentlig tilbud (IPO) og notering av aksjer på Oslo Børs. Norske Skog AS eies i dag av fond administrert av Oceanwood Capital Management Limited.
Den potensielle IPOen forventes å bestå av et offentlig tilbud av aksjer i Norge og en rettet emisjon til institusjonelle og andre profesjonelle investorer i noen andre utvalgte jurisdiksjoner. Transaksjonen kan komme til å omfatte et sekundært salg av aksjer fra Oceanwood og/eller salg av nye aksjer i Norske Skog.
Sven Ombudstvedt, styreleder og konsernsjef i Norske Skog kommenterer:
- Norske Skogs eier anser at en notering vil etablere en viktig plattform for fremtidig utvikling. Vi har hatt en sterk kontantstrøm til tross for fallende etterspørsel etter papirprodukter. Tilgang til kapitalmarkedet vil bidra til flere muligheter for å finansiere ytterligere vekst fremover. Vår langsiktige strategi er fortsatt å forbedre kjernevirksomheten, konvertere deler av papirmaskinene og diversifisere innen bioenergi, fiber og biokjemikaliemarkedene.
Prosessen med å vurdere en IPO og notering av aksjene forventes gjennomført i andre halvdel av 2019, basert på rådende markedsforhold. ABG Sundal Collier ASA og DNB Markets, en del av DNB Bank ASA, har fått mandat av Norske Skog som felles globale koordinatorer og tilretteleggere ("Managers"), mens Carnegie AS har fått mandat som felles tilrettelegger. Advokatfirmaet Thommessen AS er norske advokater for Norske Skog.
Om Norske Skog
Norske Skog er en ledende produsent av publikasjonspapir med sterke markedsposisjoner i Europa og Australasia. Konsernet er den tredje største produsenten i Europa og den største produsenten i Australia.
Norske Skog driver til sammen syv lønnsomme papirfabrikker, strategisk plassert nær attraktive markeder. Total papirproduksjonskapasitet er på 2,6 millioner tonn, hvorav 1,7 millioner tonn er avispapir og 0,9 millioner tonn er magasinpapir (superkalandrert og bestrøket).
Norske Skog-konsernet har ca 2.400 ansatte, og hadde i 2018 en omsetning og brutto driftsresultat på henholdsvis NOK 12,6 milliarder og NOK 1,0 milliarder. Driftsresultatet for 2018 var NOK 0,9 milliarder.
Om Oceanwood
Oceanwood er et uavhengig investeringsselskap grunnlagt i 2006, med kontorer i London og på Malta. Selskapet forvalter over USD 2 milliarder, primært for offentlige pensjonskasser og andre institusjonelle investorer. Oceanwood er dedikert til å investere i selskaper i Europa og anvender en fundamental tilnærming i sine investeringer. Oceanwood er fokusert på en bærekraftig balanse i selskapene det investeres, i og er opptatt av konstruktivt samarbeid med ledelsesgruppene i sine selskaper, for å oppnå verdiskapning for alle interessegrupper.
12. juni 2019
Norske Skog kommunikasjon og samfunnskontakt
For ytterligere informasjon:
Norske Skog presse:
Direktør kommunikasjon og samfunnskontakt
Carsten Dybevig
Epost: carsten.dybevig(at)norskeskog.com
Tlf: 917 63 117
Twitter: @Norske_Skog
These materials do not constitute or form a part of any offer of securities for sale or a solicitation of an offer to purchase securities of the Company in the United States or any other jurisdiction. The securities of the Company may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"). The securities of the Company have not been, and will not be, registered under the U.S. Securities Act. Any sale in the United States of the securities mentioned in this communication will be made solely to "qualified institutional buyers" as defined in Rule 144A under the U.S. Securities Act. No public offering of the securities will be made in the United States.
In any EEA Member State, this communication is only addressed to and is only directed at qualified investors in that Member State within the meaning of the Prospectus Directive, i.e., only to investors who can receive the offer without an approved prospectus in such EEA Member State. The expression "Prospectus Directive" means Directive 2003/71/EC as amended (together with any applicable implementing measures in any Member State).
In the United Kingdom, this communication is only addressed to and is only directed at Qualified Investors who (i) are investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the "Order") or (ii) are persons falling within Article 49(2)(a) to (d) of the Order (high net worth companies, unincorporated associations, etc.) (all such persons together being referred to as "Relevant Persons"). These materials are directed only at Relevant Persons and must not be acted on or relied on by persons who are not Relevant Persons. Any investment or investment activity to which this announcement relates is available only to Relevant Persons and will be engaged in only with Relevant Persons. Persons distributing this communication must satisfy themselves that it is lawful to do so.
The Target Market Assessment is without prejudice to the requirements of any contractual, legal or regulatory selling restrictions in relation to the Offering.
For the avoidance of doubt, the Target Market Assessment does not constitute: (a) an assessment of suitability or appropriateness for the purposes of MiFID II; or (b) a recommendation to any investor or group of investors to invest in, or purchase, or take any other action whatsoever with respect to the Company's shares.
Each distributor is responsible for undertaking its own Target Market Assessment in respect of the Company's shares and determining appropriate distribution channels.
Matters discussed in this announcement may constitute forward-looking statements. Forward-looking statements are statements that are not historical facts and may be identified by words such as "anticipate", "believe", "continue", "estimate", "expect", "intends", "may", "should", "will" and similar expressions. The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although the Company believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors which are difficult or impossible to predict and are beyond its control. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements. The information, opinions and forward-looking statements contained in this announcement speak only as at its date, and are subject to change without notice.
This announcement is made by and, and is the responsibility of, the Company. The Managers are acting exclusively for the Company and no one else and will not be responsible to anyone other than the Company for providing the protections afforded to their respective clients, or for advice in relation to the contents of this announcement or any of the matters referred to herein.
Neither the Managers nor any of their respective affiliates makes any representation as to the accuracy or completeness of this announcement and none of them accepts any responsibility for the contents of this announcement or any matters referred to herein.
This announcement is for information purposes only and is not to be relied upon in substitution for the exercise of independent judgment. It is not intended as investment advice and under no circumstances is it to be used or considered as an offer to sell, or a solicitation of an offer to buy any securities or a recommendation to buy or sell any securities of the Company. Neither the Managers nor any of their respective affiliates accepts any liability arising from the use of this announcement.
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