SCA’s divestment of the conventional corrugated business in the UK and Ireland was completed today. The buyer is the Spanish company SAICA and the purchase price amounts to GBP 100 million (EUR 125 million).
The finalising of the transaction follows approval by the relevant competition authorities. The transaction will improve operating profit and cash flow, but will not result in any capital gain or loss.
SCA will retain and continue to develop the specialized value-added packaging operations in the UK and Ireland. These units show favourable profitability and strengthen SCA’s overall strategy of focusing on products and solutions with higher value added.
The first press release regarding the transaction was published on 18 June 2008.
Stockholm, 30 September 2008
For further information please contact
Pär Altan, Vice President Media Relations, +46 8-788 52 37
Johan Karlsson, Vice President Investor Relations, +46 8-788 51 30
This information is such that SCA must disclose in accordance with the Securities Markets Act.