SCA’s divestment of its business in South East Asia, Taiwan and South Korea for integration with Vinda is closing
SCA’s divestment of its business in South East Asia, Taiwan and South Korea for integration with Vinda International Holdings Limited (“Vinda”) is expected to close as of today, April 1. SCA is the majority shareholder in Vinda, one of China’s largest hygiene companies.As part of the transaction, SCA and Vinda have signed an agreement regarding the exclusive license to market and sell the SCA brands; TENA (incontinence products), Tork (Away-from-Home tissue), Tempo (consumer tissue), Libero (baby diapers), and Libresse (feminine care) in South East Asia, Taiwan and South Korea. With this