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Nippon Paper to Sell Lintec Stake Through a Secondary Offering

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Nippon Paper Industries Co. (TYO:3863) said its board agreed to sell its common shares in Lintec (TYO:7966) through a secondary offering as part of its review of its business portfolio and assets from the perspective of capital efficiency.

The Japan-based paper manufacturer said the share sale is part of measures outlined in its Medium-term Business Plan 2030, prioritizing balance sheet optimization, structural reforms, and profitability improvement.

The proceeds from the sale will be used to reduce interest-bearing debt and strengthen the soundness and efficiency of its financial base and improve capital efficiency.

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