Banasino Investments S.à r.l., an investment firm based in Nicosia, Cyprus, and affiliated with the Kronospan Group has acquired control and direction over 8,356,494 common shares of West Fraser Timber Co. Ltd., representing approximately 10.28% of the outstanding common shares of West Fraser. According to a press release, Banasino Investments S.à r.l. acquired the common shares of West Fraser for investment purposes and may, depending on market and other conditions, increase its beneficial ownership, control or direction over the common shares of West Fraser through market transactions, private agreements, treasury issuances, exercise of options ...
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