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Svenska Cellulosa AB — M&A Activity 2012
Apr 25, 2012
2964_rns_2012-04-25_6ea35fe4-0283-4b7f-b5e4-c314b9cc60ef.pdf
M&A Activity
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SVENSKA CELLULOSA AKTIEBOLAGET SCA (publ) Corporate Communications Box 200, SE-101 23 Stockholm, Sweden Tel +46 8 788 51 00 www.sca.com
Stockholm, Sweden, 25 April 2012
SCA has accepted DS Smith´s formal offer
SCA has accepted DS Smith´s formal offer to acquire the packaging operations in France following consultations with appropriate works councils. As a result, a sale and purchase agreement has been signed by both parties.
On 17 January 2012, SCA announced that its packaging operations – excluding the two kraftliner mills in Sweden – will be sold to DS Smith. The agreed purchase price amounts to EUR 1.7bn on a debt free basis.
As for the French part of the packaging operations, the price for which is included in the announced purchase price, DS Smith had made a formal offer to acquire also those operations. This acquisition was subject to consultation with the French works councils and has been managed separately.
After the consultation with the French works councils has been completed, SCA has accepted DS Smith's formal offer, and as a result, a sale and purchase agreement for the French operations has now been signed.
Following the signing of the sale and purchase agreement, the process will continue towards completing the entire transaction, which includes review of relevant competition authorities. Closing of the transaction is expected to take place in the second quarter 2012.
For additional information, please contact:
Pär Altan, Vice President Media Relations, +46 8 788 5237 Johan Karlsson, Vice President Investor Relations, +46 8 788 5130
NB: This information is such that SCA must disclose in accordance with the Securities Markets Act. The information was submitted for publication on 25 April 2012 at 08.00 CET.