NASDAQ OMX (NASDAQ: NDAQ) announces that the shares of Arctic Paper S.A. (ticker symbol: ARP) today start trading on the main market of NASDAQ OMX Stockholm. Arctic Paper, a Small Cap company within the Basic Materials sector, will have its secondary trading on NASDAQ OMX Stockholm. The company has its primary listing on The Warsaw Stock Exchange, where it was listed in 2009. Arctic Paper is the eighth company to list on NASDAQ OMX Nordic markets in 2012.
Arctic Paper has its roots in the Swedish Trebruk AB group, established in 1990 with Munkedal as one of the mills. Over time, Arctic Paper has expanded geographically to become the second largest European producer of bulky book paper and one of Europe’s leading producers of fine graphic paper. The group’s paper mills are located in Sweden (Grycksbo and Munkedal), Poland (Kostrzyn nad Odra) and Germany (Mochenwangen) with a total annual production capacity of more than 800,000 tonnes of paper. In 2011, Arctic Paper employed close to 1,600 people and the consolidated sales revenue amounted to PLN 2,527 million (SEK 5,552 million).
Michal Jarczynski, CEO at Arctic Paper said: “Today is a big day for Arctic Paper, and through our listing on NASDAQ OMX Stockholm, we will reach a broader base of investors and increase the liquidity in our share. Since Arctic Paper was founded in Sweden and has a majority of its operations, production and employees in there, this is a logic move for us, and we look forward to entering the Swedish stock market.”
Adam Kostyal, Senior Vice President at NASDAQ OMX commented: “We are pleased to welcome Arctic Paper to our main market where it will make a compelling addition to our materials sector and join some of the world’s leading paper and pulp companies. Arctic Paper is the first company from the Warsaw Stock Exchange to dual-list at NASDAQ OMX, and we encourage other Polish companies to follow their example to benefit from a broad and diverse international audience at Europe’s most liquid cash equities markets.”