Nordic exchanges continue to shrink as more particularly companies maintaining dual listing see more costs than benefits from maintaining a listing on a small exchange. Packaging group Powerflute (LSE AIM: POWR, HEL: POW1V) is the latest to go. It has applied to delist from First North Finland effective from the end of June 2012. It will maintain its primary listing place in Alternative Investment Market of the London Stock Exchange.
The company is an established player in semi-chemical fluting in Nordic countries and its subsidiary Savon Sellu it operates a paper mill in Kuopio, Finland that has a capacity of 300 000 tonnes per annual of semi-chemical fluting used in manufacturing of premium quality corrugated board. The company will provide more information to shareholders at a later date.
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