Hadera Paper Ltd. Announces Completion of Mondi Hadera Transaction
Hadera Paper Ltd. (AMEX:AIP) (the “Company” or “Hadera Paper” or “HAP”)announced that following the Company’s press releases of September 8, 2010 (“Transaction Report”), December 26, 2010 and Company’s report in the frame of the Financial Results for the Third Quarter of November 8, 2010, with respect to the Transaction (as defined in the Transaction Report), the Company is hereby honored to announce that on December 28, 2010, the closing conditions for the completion of the transaction, as detailed in the purchase agreement, have been fulfilled, the ancillary agreements in the frame of the transaction have been signed, and the closing date was scheduled for December 31, 2010.