Europapier - The Leading Paper Merchant in CEE & CISEuropapier AG acquires 40% shares of Europapier-Impap - europapier.com

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Europapier AG acquires 40% shares of Europapier-Impap

The Board is happy to announce that as of 22 November, 2007, Europapier has acquired 40% shares of Europapier-Impap; this means that Europapier-Impap is now under full ownership of Europapier AG.

Europapier-Impap has an annual turnover of 80 million EUR and sells 90.000 tonnes p.a. with 120 employees.

At the same time, Europapier has signed a supplier contract with International Paper for another 4 years to ensure a long-term strategic cooperation.

The Board is confident that this step will further improve our supplier relationship and will strengthen Europapier's good position in the Polish Market.

For further details, please contact Jutta Peter.

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