Readly enters into agreement to acquire Toutabo, the owner of ePresse, establishing a leading position in France
Insider information: Readly International AB (publ) (“Readly''), the European category leader within digital magazine subscriptions, has entered into an agreement to acquire 97.3% of the issued shares in Toutabo SA (“Toutabo”, “the Acquisition”), a leading subscription provider in France and owner of the digital subscription provider ePresse, from the founders and the institutional owners (the “Sellers”). The total purchase price amounts to up to approximately EUR 8.2 million on a cash and debt free basis (subject to any post signing adjustments), with an initial consideration of
Essity is investing in enhanced efficiency in the company´s site in Kawerau, New Zealand, including the world’s first tissue machine running a fully geothermal steam drying process. Together with a reduction in pulp consumption, reduced waste and elimination of the burning of natural gas on the machine, the improvements will contribute to a reduction of carbon emissions by 23 percent from the Kawerau site.“We´re setting new industry standards when it comes to sustainable tissue production. Investing in the world’s first tissue machine running a fully geothermal steam process is
