SCA is planning to share the Group – Business World

To “create additional value for shareholders” refers to SCA’s Board of Directors to initiate a job to be able to propose to the AGM 2017 to decide whether to divide the Group into two listed companies. It is clear from a press release.

The first will be a hygiene companies include SCA’s current business areas Personal Care and Tissue. Second, a forest industry company that includes the entire forest products operations and all forest land owned by the SCA Group.

The division referred implemented through a distribution of hygiene operations to shareholders in accordance with Lex Asea.

The dividend proposed be made to the shareholders in proportion to their holdings of SCA’s Class a and Class B shares. If the shareholders decide in accordance with the proposal, planned the new hygiene company to be awarded and listed on Nasdaq Stockholm during the second half of 2017.

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The intention is that the new listed hygiene company gets a new name and is based in Stockholm and that the listed forestry company retains the name SCA and has its registered office in Sundsvall. Ulf Larsson, president of SCA’s forestry operations and member of Group Management, will after the distribution of hygiene operations will become CEO of the listed forestry company. The Board also immediately appointed Ulf Larsson, in addition to his existing duties, the vice president of SCA.

SCA’s current bolagstämmovalda members and CEO Magnus Groth has, in addition to existing assignments, with immediate effect also appointed the board and CEO of the parent company for the hygiene business.

“the board believes that the proposal to divide the hygiene and forest industry operations in two listed companies will increase the ability of each business to successfully implement its strategies and increase value for SCA’s shareholders. It is also gratifying that the main shareholders will support the proposal at the meeting, “writes Pär Boman, SCA’s president.

” As a long-term asset manager and active shareholder of SCA, we share the company’s assessment a division of the business is value creation over time. It is a natural step in the successful concentration on hygiene and forestry activities undertaken over several years, “says Helena Stjernholm, CEO of Industrivärden.