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Essity
M&A Activity • Nov 20, 2023
2912_iss_2023-11-20_1f4841fe-d3ed-43ef-9159-d53eba3acc51.pdf
M&A Activity
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Press release
Stockholm, November 20, 2023
Information about Essity's ownership in Vinda
As required by the Takeovers Code in Hong Kong, Essity has today confirmed that discussions are ongoing with a number of interested parties in respect of a potential transaction regarding Essity owned shares in Vinda. No decisions relating to the future ownership of Essity's Vinda shares have been made. Vinda has made a public announcement as required by local laws.
On April 26, 2023, Essity announced its decision to initiate a strategic review of the company's ownership in the Asian hygiene company Vinda International Holdings Ltd (Vinda).
Essity's ownership in Vinda amounts to 51.59%. Vinda is listed on the Hong Kong stock exchange.
Vinda's announcement may be found here: http://www.vinda.com/upload/files/20231120/22240222hf.pdf
Essity will not make any further comments.
NB: This information is such that Essity Aktiebolag (publ) is obligated to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, at 15:45 CET on November 20, 2023.
______________________________________________________________________
_____________________________________________________________________ Karl Stoltz, Media Relations Director, +46 709 426 338
For additional information please contact:
Per Lorentz, Vice President Corporate Communications +46 73 313 30 55, [email protected] Sandra Åberg, Vice President Investor Relations, +46 70 564 96 89, [email protected]
About Essity
Essity is a global, leading hygiene and health company. We are dedicated to improving well-being through our products and services. Sales are conducted in approximately 150 countries under the leading global brands TENA and Tork, and other strong brands, such as Actimove, JOBST, Knix, Leukoplast, Libero, Libresse, Lotus, Modibodi, Nosotras, Saba, Tempo, TOM Organic, Vinda and Zewa. Essity has about 48,000 employees. Net sales in 2022 amounted to approximately SEK 156bn (EUR 15bn). The company's headquarters is located in Stockholm, Sweden, and Essity is listed on Nasdaq Stockholm. Essity breaks barriers to well-being and contributes to a healthy, sustainable and circular society. More information at www.essity.com.