EXHIBIT 21
SUBSIDIARIES OF MERCER INTERNATIONAL INC.
Shareholding | ||||||||||||
Jurisdiction | at Year End | |||||||||||
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. |