RGE Said to Mull Bid for $3 Billion China Tissue Maker Vinda (1)

Singapore-based RGE Pte is considering an offer for Vinda International Holdings Ltd., people with knowledge of the matter said, potentially setting up a bidding war for the Hong Kong-listed tissue maker.

The pulp producer is working with advisers on a potential buyout offer for the Chinese firm, the people said. Deliberations are ongoing and RGE could still decide against a deal, said the people, who asked not to be identified as the information is private.

A move by RGE could add a new dimension to the bidding for Essity AB’s 52% stake in Vinda, which has drawn bidders ...