German private equity firm Aurelius is expected to acquire the commercial assets of Abelan Board Industrial by the end of the month.
The assets include a paper mill based in Viersen, Germany and a solid board packaging plant located in Zutphen, Netherlands.
Abelan Board Industrial is a Spanish packaging company primarily engaged in the production and distribution of paper and cardboard products.
Success Dragon International Holdings will issue convertible bonds bearing an interest rate of 9.8% a year in a private placement to raise funds for its business development and expansion activities.
The investment holding company will raise HKD220m ($28.32m) through the offering.
Its business activities include the manufacture of packaging products and provision of services for the computer game industry.
Image: Abelan Board Industrial is a manufacturer and supplier of paper and cardboard products. Photo: courtesy of HornM201 via wikimedia.