Grey has advised RISE Research Institutes of Sweden AB in connection with the purchase of 60 % of the shares in MoRe Research Örnsköldsvik AB. MoRe is leading in the field of research, analysis and close-to-industry- and product development within the paper, wood pulp and biorefinery industry. The transaction is part of RISE’s investment in the expansion of the operations at the northern coast line of Sweden. RISE is Sweden’s research institute and innovation partner and is owned by the Swedish State.
The current owners of MoRe (Eurocon Engineering AB, Stiftelsen J C Kempes Minne, Metsä Board Sverige AB and Domsjö Fabriker AB) remain as owners of 40 % of the shares and consider the transaction with RISE as strategically important to strengthen the Swedish forest industry.