SCA Will Sell Units to Win EU Approval for Georgia-Pacific Deal
Svenska Cellulosa AB (SCAA), Europe’s biggest tissue maker, will sell assets to win European Union approval for its 1.32 billion-euro ($1.65 billion) bid for Georgia-Pacific LLC’s European tissue operations.
The European Commission said the companies would sell a production facility and brands in the U.K. and Ireland, sell a factory in Sweden, and offer a license for its Lotus brand for the Netherlands, Belgium and Luxembourg to eliminate antitrust concerns that the company would face less competition from rivals
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