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Svenska Cellulosa AB — M&A Activity 2009
Nov 11, 2009
2964_rns_2009-11-11_c43faa8c-6f07-4128-88fa-0c87044cb07c.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, 11 November 2009
SCA sells Pratovecchio paper machine
SCA has reached an agreement to sell its Italian Pratovecchio facility and paper machine to Cartiera Carma. The transaction will not result in neither capital gain nor capital loss.
The agreement follows an announcement in March 2009 aimed at improving supplychain operations in Italy. A concentration of resources to nearby Lucca was decided and implemented. At that stage, a closure of the Pratovecchio paper machine was discussed. However, SCA has instead reached an agreement to sell the property and paper machine to Cartiera Carma, a privately-owned company based in Italy.
The paper machine has a capacity of approximately 20,000 tonnes per year, and the 24 employees currently working in paper making will continue their employment. The transaction will become final before the end of December 2009.
For additional information, please contact
Jörgen Olsson, Press and Media Officer, +46 8 788 5129