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Svenska Cellulosa AB — M&A Activity 2008
Feb 20, 2008
2964_rns_2008-02-20_10034b73-0e83-4024-b7bb-9463eac2286e.pdf
M&A Activity
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SVENSKA CELLULOSA AKTIEBOLAGET SCA (publ) Corporate Communications Box 7827, SE-103 97 Stockholm, Sweden Tel +46 8 788 51 00 www.sca.com
Stockholm, 20 February 2008
SCA increases ownership in Chinese tissue company Vinda
Global consumer goods and paper company SCA has today increased its ownership in the Hong-Kong based tissue company Vinda from 14% to 19% of the shares.
Vinda, one of the leading brands with modern assets, is among the three largest companies within the fast growing tissue market in China.
On March 29, 2007, SCA acquired a first 20% of the shares in Vinda. This shareholding was later diluted to 14% when Vinda was listed through an IPO on the Hong Kong stock exchange in July 2007.
"The Chinese tissue market has good growth rates and the Vinda brand is one of the most well known brands in the country. By increasing our stake in the company, we secure a strategic position that gives us a stronger foothold in the very important Chinese market, which is the second largest tissue market in the world", says Jan Johansson, President and CEO, SCA.
For further information please contact
Bodil Eriksson, SVP Corporate Communications, +46 8 788 52 34 Pär Altan, VP Media Relations, +46 8 788 52 37
NB
This information is such that SCA must disclose in accordance with the Securities Markets Act. The information was submitted for publication on 20 February 2008 at 09.00 CET.
SCA is a global consumer goods and paper company that develops and produces personal care products, tissue, packaging solutions, publication papers and solid-wood products. Sales are conducted in some 90 countries. SCA has many well-known brands, including the global brands Tena and Tork. Sales in 2007 amounted to SEK 106 billion (EUR 11.4 billion). SCA has approximately 50,000 employees. More information at www.sca.com