Bracell Limited announced that the $1.1 billion privatisation by BHL Limited has been completed and its main board listing on The Stock Exchange of Hong Kong will be withdrawn after market closes today (October 24). Over the last three years, the Company has delivered total shareholder returns of 273%.
Bracell will be part of the Royal Golden Eagle group, which manages world-class companies operating in pulp and paper, palm oil, viscose staple fiber and energy, with combined assets exceeding $15 billion and more than 50,000 employees.
The privatisation of Bracell, formerly known as Sateri Holdings Limited, was approved by its shareholders on 30 September 2016 and by the Supreme Court of Bermuda on 18 October 2016.
Bracell Limited is one of the largest specialty cellulose producers in the world.