SCA to divest Neopac A/S, Denmark

  • Regulatory press release

SCA to divest Neopac A/S, Denmark SCA has reached an agreement with Jefferson Smurfit plc and will sell to the Jefferson Smurfit Group the Danish Neopac A/S. The divestment corresponds to the same profit multiple as SCA's acquisition of the corrugated division. Neopac A/S comprises two integrated box plants in Denmark (turnover 1999: EUR 53.3 M, for a total capacity of approximately 120 M m²) and is part of the corrugated division in Metsä-Serla, acquired by SCA. The purchase price amounts to some EUR 30 M, on a debt-free basis. This transaction between SCA and the Jefferson Smurfit Group is subject to clearance by the European Commission for the transactions involving SCA and Metsä-Serla. Stockholm 28 July 2000 SVENSKA CELLULOSA AKTIEBOLAGET SCA (publ) Corporate Communications For further information please contact: Colin J. Williams, President, SCA Packaging, tel +32 2 718 37 61 or Sten Lindholm, Senior VP, Corporate Communications, tel +46 8 788 51 62. ------------------------------------------------------------ This information was brought to you by BIT The following files are available for download: