Austria's Pulp Mill Holding GmbH plans to finance the possible acquisition of the controlling interest in the Arkhangelsk Pulp and Paper Mill

Austria's Pulp Mill Holding GmbH plans to finance the possible acquisition of the controlling interest in the Arkhangelsk Pulp and Paper Mill with Western bank loans, Heinz Zinner, the Austrian company's managing director, told Interfax. Zinner recalled that Pulp Mill Holding was negotiating the acquisition of the controlling interest in the Arkhangelsk mill with shareholders of the Russian company. Zinner confirmed that the Austrian company currently owned 16.6% of the mill's shares. He said, though, that talks with shareholders were "still in progress and a final agreement has yet to be reached." Zinner did not specify how many shares the company intended to buy and at what price. The Arkhangelsk mill is a member of the Titan Group. Its main shareholders are Germany's Conrad Jacobson GmbH (19.5%), OOO Respekt of Arkhangelsk (18.7%), Germany's Jacob Jurgenson Papier und Cellstoff GmbH (19.3%), Austria's Pulp Mill Holding GmbH (16.6%) and Dollard Holding B.V. of the Netherlands (12.5%). Arkhangelsk Pulp and Paper Mill increased pulp output 4.36% year-on-year in the first four months to 252,200 tonnes, a company press release reports. Paper output increased 4.72% to 26,500 tonnes, that of commodity cardboard 2.9% to 139,400 tonnes, of corrugated board 8.3% to 39,500 million cubic meters and of fiberboard 1.4% to 2.74 million cubic meters. Just in April, the company produced 65,300 tonnes of pulp, 7.2% more year. It turned out 36,956 tonnes of commodity cardboard (10.2% more) 10.97 million cubic meters of corrugated board (not counting branch Arkhbum's production in Podolsk) and 686,900 million cubic meters of fiberboard (2.5% more).