Stora Enso and Packages Ltd have completed the process of establishing a joint venture called Bulleh Shah Packaging (Private) Limited as announced on 18th September 2012. Stora Enso's initial shareholding is 35 per cent with a commitment to increase the shareholding at the agreed value to 50 per cent at a later stage subject to certain conditions being met. The agreed value for 100 per cent of the joint-venture company is approximately US$108 million (?83 million) on a cash and debt free basis. The cash consideration for the 35 per cent shareholding amounted to approximately US$39 million (?30 million) in the second quarter of 2013. The joint venture will to a large extent provide packaging products to key local and international customers in the fast-growing Pakistani market.
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机译：如2012年9月18日宣布的那样，斯道拉恩索和Packages Ltd已完成建立合资企业Bulleh Shah Packaging（Private）Limited的过程。斯道拉恩索的初始持股比例为35％，并承诺将商定的持股量增至50％。在满足某些条件的前提下，应在稍后阶段将其百分比降低。在无现金和无债务的基础上，合资公司100％的议定价值约为1.08亿美元（8,300万欧元）。 2013年第二季度，持有35％股份的现金对价约为3,900万美元（3,000万欧元）。该合资企业将在很大程度上为快速增长的巴基斯坦本地和国际主要客户提供包装产品市场。
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