OREANDA-NEWS. November 26, 2010. As a result of acquisition of shares on the secondary market  Pulp Mill Holding GmbH owns 97,42% of total outstanding voting stock of the Society and 20% of stock of  OJSC "Arkhbum", the affiliated  company  of the open joint stock company Arkhangelsk PPM, which  is engaged in transport provision of the mill.s activity and production of cardboard and paper packaging in Podolsk (Moscow region).

Repurchase of securities was financed via attraction of funds of CJSC UniCredit Bank.

Chadbourne & Parke, the international law firm, executed legal support of the transaction on the part of Pulp Mill Holding GmbH.

Reference

Arkhangelsk PPM. is one of the leading wood chemical manufacturers in RF and Europe.

In 2009 the share of the mill in total Russian pulp and paper production amounted to:  18% for containerboard, 11% for pulp, school exercise-books for 33%.

By results of the 3rd quarter 2010 pulp cooking has increased by 7,5% and amounted to  637,9 thsd. t. in comparison with the previous year.

Sales revenue from sales of goods and services increased in 1,3 times and totaled RUR 11 619 mln. 

Profitability of sales grew up to 21%.

Net profit amounted to RUR 1 691 mln against RUR 249.7 mln, gained for 9 months of 2009. Growth of profit is explained by stabilization of market demand, increase of prices on the foreign and Russian markets of pulp and containerboard and optimization of the mill.s costs.

The equity capital of the joint-stock company amounts to RUR 780,225 thsd. divided into 780.225 thsd.  ordinary shares at nominal par 1 ruble.

97.42% of stock belongs to Pulp Mill Holding GmbH (Austria).