NIB and Bonnier AB have signed a loan totalling EUR 25 million for financing investments in new and modern newsprint machinery at Bonnier's printing company, Bold's, plant near Stockholm.
The 6-year maturity loan will help finance the printing company investments in a new, highly automated press line. The modern newsprint machinery will replace two older printing presses at the printing plant. Four new after-treatment lines will also replace six older lines.
With up-to-date equipment, the printing company can reduce energy consumption and increase production efficiency.
"The NIB loan will finance a project which provides an example of how environmental gains go hand in hand with increased profitability. New, modern equipment increases energy efficiency, reduces CO2 emissions and may lead to new business opportunities," says Johnny Åkerholm, NIB President and CEO.
Bonnier AB is a multi-channel media company which engages in publishing, broadcasting, business press and entertainment. The Bonnier Group is wholly owned by the Bonnier family and has operations in more than 170 companies in 17 countries. Print is an essential business field for the company.
The Nordic Investment Bank (NIB) is the common international financial institution of the eight Nordic and Baltic countries. NIB provides long-term financing to the energy, environmental, transport, logistics and communications, and innovation sectors for projects that strengthen competitiveness and enhance the environment. NIB has the highest possible credit rating, AAA/aaa, with the leading rating agencies Standard & Poor's and Moody's.
For further information, please contact
Ulf Westergård, Senior Manager, Origination at +358 10 618 0234,
Nina Monsen, Senior Communications Specialist, at +358 10 618 0291,
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