BillerudKorsnäs’ ownership in Latgran was 75%, and the remaining 25% was owned by Baltic Resources Ab. The total consideration for 100% of the Company amounted to Euro 104 million on a cash and debt free basis, corresponding to a multiple of 7x Latgran’s EBITDA for 2014.
BillerudKorsnäs provides packaging materials and solutions that challenge conventional packaging for a sustainable future.