Australia
Investor group acquires the majority of Lenzing Paper
Lenzing — The Lenzing Group has announced its intent to transfer 60% of its shares in Business Unit Paper to a group of investors led by Ernst Brunbauer.
The new shareholders will run Lenzing Paper independently of Lenzing Group at its current location in its namesake, Lenzing, Australia.
Lenzing Paper is one of the smallest business units belonging to Lenzing Group, producing 80,000 tons of specialty papers per year in addition to a revenue of approximately 60 mn euros.
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