Brief: Essity AB Says Pre-Conditional Public Offer Announced For 100% Of Shares In Essity's Subsidiary Vinda

Vinda International Holdings

14/12/2023 23:41

Dec 14 (Reuters) - Essity Ab (Publ)  ESSITYa.ST :
    * PRE-CONDITIONAL PUBLIC OFFER ANNOUNCED FOR 100% OF SHARES
IN 
ESSITY'S SUBSIDIARY VINDA
    * AS OF Q4 2023, ESSITY WILL CLASSIFY FINANCIAL REPORTING OF
VINDA
AS DISCONTINUED OPERATIONS
    * SUPPORTS OFFER AND HAS SIGNED AN IRREVOCABLE UNDERTAKING
TO
ACCEPT OFFER IN RESPECT OF ALL OF ITS 51.59% SHAREHOLDING IN
VINDA
    * TRANSACTION IS EXPECTED TO GENERATE CASH PROCEEDS TO
ESSITY OF
ABOUT HKD 15 BILLION (SEK 19 BILLION)
    * PRICE IN PUBLIC OFFER WILL CORRESPOND TO AN EQUITY VALUE
OF
VINDA OF APPROXIMATELY HKD 28.3BN (SEK 37.3BN)

Source text for Eikon:  ID:nWkrqr3Yp 
Further company coverage:  ESSITYa.ST 

 ((Reuters.Briefs@thomsonreuters.com;))