Heinzel Holding GmbH operates in the pulp and paper industry. It is involved in the trading of duplex board, triplex board, folding box board, carrier board, corrugating materials, fluting products, KLB bleached/unbleached and white top KLB, testliners/white top testliners, MG/MF paper, sackkraft paper, packaging paper, cupstock/platestock, and SBS/SBB products; and finance, logistics, currency management, and special trading activities. The company also produces pulp, bleached kraft paper, and uncoated natural paper (SC paper); and plans, builds, and operates wind power plants with an output of 3 MW each, as well as operates agricultural land that produces maize, winter wheat, oil squash, s...
Wagramer Strasse 28-30
PO Box 57
Four Bidders Reportedly Interested In Burgo
Aug 22 14
At least four bidders are interested in Burgo Group S.p.A. or some of its assets, MF-Milano Finanza reported without citing sources. Lecta S.A., Favini Spa, UPM-Kymmene Oyj (HLSE:UPM1V) and Heinzel Holding GmbH have expressed interest in Burgo, MF said. The paper also added that the bidders are proposing various ways of integration or asset acquisitions. Burgo is undergoing a restructuring process and is negotiating with creditor banks how to tackle its debt of more than €1 billion. As part of the restructuring, Burgo's advisers have sounded out possible buyers of assets or of the entire group, it said. Lecta is said to be interested in a merger whereas Favini would possibly look for a merger only after it lists its shares on the market. UPM, on the other hand, is said to be seeking an investor for an investment vehicle in which it will transfer the paper-making businesses of the two companies. Heizel is only interested in Burgo's paper mill in Ardennes in Belgium and in the group's distribution unit Burgo Distribuzione, MF said.