The company will sell 29.6 million units at SEK 5 apiece toraise total proceeds of SEK 148m, it announced today.
It follows just days after RABT dismissed a takeover bidfrom its largest shareholder at the same price.
Christen Sveaas’ Kistefos offered SEK 5 per share for the outstanding34.8% of the company it does not own.
RABT urged shareholders to reject the bid, describing it as “unfair”and also cited fears that Kistefos would try to push through deeper thanplanned cost cuts including further job losses.
However
