Gunvor Group’s acquisition of shares in Meerwind results in an indirect change of control of Rörvik Timber and gives rise to an obligation for Gunvor Group to make a mandatory bid for all shares and to all shareholders in Rörvik Timber.
The Swedish Securities Council has granted Gunvor Group an exemption for six month from the obligation to make a mandatory bid.
Gunvor Group intends to return within six months with information on any mandatory bid for the remaining shares of Rörvik Timber.
