SCA to Float Its Joint Venture in Australia
STOCKHOLM, Sweden -- June 2, 2014
The leading global hygiene and forest products company SCA and its Australian
partner, Pacific Equity Partners (PEP), have decided to float their joint
venture in Australia, New Zealand and Fiji on the Australian Securities
A draft of the prospectus for the initial public offering (IPO) was today
submitted to the Australian Securities and Investment Commission (ASIC). The
listing of the joint venture Asaleo Care (formerly SCA Hygiene Australasia) on
the ASX is scheduled to take place in late June or early July 2014.
SCA intends to retain a significant shareholding in Asaleo Care. The Group
currently owns 50% of the company. The stock market floatation will dilute
SCA’s holding in the company. SCA’s ownership is expected to be approximately
33% following the IPO.
Asaleo Care manufactures and markets consumer tissue and Away-from-Home (AfH)
tissue, diapers, feminine care products and incontinence products. Leading
brands include TENA, Tork, Sorbent, Libra and Treasures. In 2013, the company
reported net sales of AUD 625m (approx. SEK 3.9 billion) and an operating
profit of AUD 97m (approx. SEK 610m). The company has about 1,050 full-time
NB: SCA discloses the information provided herein pursuant to the Financial
Instruments Trading Act. Submitted for publication on June 2, 2014, at 07:00
SCA is a leading global hygiene and forest products company. The Group
develops and produces sustainable personal care, tissue and forest products.
Sales are conducted in about 100 countries under many strong brands, including
the leading global brands TENA and Tork, and regional brands, such as Libero,
Libresse, Lotus, Nosotras, Saba, Tempo and Vinda. As Europe’s largest private
forest owner, SCA places considerable emphasis on sustainable forest
management. The Group has about 44,000 employees. Sales in 2013 amounted to
approximately SEK 93bn (EUR 10.7bn). SCA was founded in 1929, has its
headquarters in Stockholm, Sweden, and is listed on NASDAQ OMX Stockholm. For
more information, visit www.sca.com.
This information was brought to you by Cision http://news.cision.com
Johan Karlsson, 46 8 788 51 30
VP Investor Relations
Boo Ehlin, 46 8 788 51 36
VP Media Relations
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