SCA increases its ownership in Vinda
SCA has decided to acquire an additional 5 percent of the shares in the leading Chinese tissue company Vinda. The purchase price is around 600 MSEK.The seller in the transaction is Fu An, a company majority owned by Mr Li, the Chairman of Vinda. SCA’s share in Vinda after the transaction will be 22.6%. Vinda is one of the most successful tissue producers in China, the second largest tissue market in the world. Currently Vinda commands strong brand recognition in the country and being the third largest player in the China household paper industry in terms of market share and production