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EXHIBIT 21
SUBSIDIARIES OF MERCER INTERNATIONAL INC.
Shareholding | ||||||||||||
at Year End | ||||||||||||
Jurisdiction | ||||||||||||
Name of Subsidiary(1) | of Incorporation | Direct | Indirect | |||||||||
Zellstoff-und Papierfabrik Rosenthal GmbH & Co. KG | Germany | — | 100 | % | ||||||||
Zellstoff Stendal GmbH | Germany | — | 70.6 | % | ||||||||
Zellstoff Celgar Limited | Canada | 100 | % | — | ||||||||
Zellstoff Celgar Limited Partnership | Canada | 100 | % | — |
(1) | All the subsidiaries are conducting business under their own names. |