Arkhangelsky pulp-and-paper mill increased its holding in Arkhbum by 34.5%
. Arkhangelsky pulp-and-paper mill, Arkhangelsk region, Russia, acquired 34.5% in Arkhbum thus bringing its own holding from 19% up to 53.5%, APPM press-service reported.
Oct 27, 2005. /Lesprom Network/. Arkhangelsky pulp-and-paper mill, Arkhangelsk region, Russia, acquired 34.5% in Arkhbum thus bringing its own holding from 19% up to 53.5%, APPM press-service reported.
Earlier, Arkhangelsky pulp-and-paper mill board of directors decided to conclude a bargain with PKP Titan and to buy Arkhbum shares. Archbum will remain to be a broker of Arkhangelsky pulp-and-paper mill. Financial results of Arkhbum will be consolidated into financial accounting of Arkhangelski pulp-and-paper mill.
APPM authorized capital stock is 780 225 common shares with denomination RUR 1. The enterprise's main shareholder is Austrian Pulp Mill Holding GmbH, which owns more than 65%, BasEl owns 33.6%.