EU approves SCA's disposal of its packaging operations to DS Smith
The European Commission has today, 25 May 2012, approved DS Smith’s acquisition of SCA's packaging operations, excluding the two kraftliner mills in Sweden. The purchase price amounts to EUR 1.7bn on a debt free basis. The operations have approximately 12,000 employees.
Jan Johansson, President and CEO of SCA, comments: "The most important condition for finalizing the deal has now been fulfilled. Today's decision by the EU will enable SCA to continue to strengthen and consolidate its positions in the hygiene and forest products areas."
The Commission has conditioned the decision to DS Smith making some divestments after the acquisition. SCA's packaging operations will be transferred to DS Smith's ownership in connection with the closing of the deal which is expected to take place according to schedule.
See also previous press releases dated 17 January and 25 April 2012.
Stockholm, Sweden, 25 May 2012
NB:This information is such that SCA must disclose in accordance with the Securities Markets Act. The information was submitted for publication on 25 May 2012 at 11.45 CET.
For additional information, please contact:
Jessica Ölvestad, IR Manager / Press and Media Officer, +46 8 788 52 82
SCA is a global hygiene and paper company that develops and produces personal care products, tissue, publication papers, solid-wood products and packaging solutions. Sales are conducted in some 100 countries. SCA has many well-known brands, including the global brands TENA and Tork. Sales in 2011 amounted to SEK 106 billion (EUR 11.7 billion). SCA has approximately 44,000 employees. More information at www.sca.com