SCA’s BINDING OFFER TO ACQUIRE GEORGIA-PACIFIC´S EUROPEAN TISSUE OPERATIONS HAS BEEN ACCEPTED – PROCESS CONTINUES TOWARDS CLOSING
SCA’s binding offer to acquire Georgia-Pacific´s European tissue operations has been accepted – process continues towards closing
Regulatory press release
Georgia-Pacific´s acceptance of SCA’s binding offer follows consultations with appropriate works councils. As a result, a sales and purchase agreement has been signed by both parties.
The process will continue towards finalizing the acquisition, including the approvals by relevant competition authorities and further local consultation processes.
November 10th, 2011, it was announced that SCA had delivered a binding offer to acquire Georgia-Pacific´s European tissue operations. Georgia-Pacific has a well-established presence in Europe in both Away-From-Home and consumer tissue products. The company’s products are in particular marketed with the well-known Lotus brand.
Georgia-Pacific’s European tissue operations have approximately 5,000 employees and 15 production sites in seven countries. Sales in 2010 amounted to EUR 1.25bn (SEK 11.9bn).
Stockholm, Sweden, 8 February 2012
For additional information, please contact:
Petter Tiger, Press and Media Officer, +46 8 788 53 62
This information is such that SCA must disclose in accordance with the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication on February 8, 2012, at 08.30 CET.