24 August 2010
Successful deal closing on acquisition of Klausner Nordic Timber and Klausner Holz Bayern sawmills by Ilim Timber
Ilim Timber successfully acquired production assets of Klausner Group ( Klausner Nordic Timber and Klausner Holz Bayern ) and the new sawmill line (Linck). Brand new equipment will be installed within the frame of modernization of the plant in Ust'-Ilimsk. The amount of the transaction exceeded EUR 100 million. Sberbank and Transcredit Bank took part in financing of the transaction. Investment banking service has been provided by Latum Investment Banking Services.