September 5, 2023
(press release)
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We hereby announce that the transaction as described in title has been successfully closed as follows. 1. Description Mitsubishi HiTec Paper Europe GmbH (MPE) has transferred the business of MPE’s Flensburg Mill to a newly prepared company (“NewCo”) through a spin-off, and then sold all of the NewCo’s shares to Timber QCP GmbH, an associated company of Quantum Capital Partners GmbH 2. Closing Date September 1st, 2023(German time)
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