Sateri

Focus on dissolving pulp business

Sateri Holdings Limited, Hong Kong, a leading global specialty cellulose
company, entered into a sale and purchase agreement to sell the
group’s entire viscose staple fibre business in China to Pacific Viscose
Limited, an a affiliate of the RGE Group. RGE Group is wholly owned by
Sateri’s majority shareholder, the Indonesian businessman Sukanto
Tanoto.. The consideration for the transaction implies an enterprise
value of US$ 863 million for the viscose staple fibre business.
Following the transaction, Sateri will be a leading global pure-play
dissolving wood pulp producer. It’s remaining business in Brazil,
including Bahia Specialty Cellulose, is the world’s 3rd largest dissolving
wood pulp producer with an annual production capacity of of 485,000
tons.
As part of the transaction, Sateri also entered into an off-take
agreement, whereby Pacific Viscose will buy all of the fibre grade
dissolving wood pulp produced and sold by the Group for the next 3
years effective from January 1,2015.

(Chemical Fibre International December 2014)