SCA to make an offer for Hong Kong-listed Vinda
SCA has decided to make a public offer to acquire the Chinese tissue manufacturer Vinda International Holdings Limited in an all-cash transaction valued at approximately SEK 9.4 billion for all shares and options in Vinda. The offer is, among other things, conditional upon more than 50% acceptance level on a fully diluted basis and will be paid through existing cash and credit lines within the SCA Group.
Vinda is the third largest tissue company in China with sales in 2012 amounting to approximately SEK 5 billion. SCA is a leading global hygiene and forest products company that develops and produces sustainable personal care, tissue and forest products. In 2012, SCA’s sales amounted to SEK 85 billion. For further information please see www.sca.com.
SCA was advised by Mannheimer Swartling acting as Swedish counsel in the transaction. The firm’s team was led by Anders Lindblad and Emil Boström, assisted by Johan Berg, Marcus Johansson and Marcus Ladow.