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Essity Provides Update on Vinda Sale

Company is in discussion with several companies

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By: Karen McIntyre

Editor, Nonwovens Industry

Essity has reportedly been in discussion with a number of third parties to potentially purchase its shareholding interest in Vinda International. These discussions could ultimately lead to the sale of the  620,737,112 shares Essity holds in Vinda, representing approximately 51.59% of the total issued share capital of the company.

No decisions related to the future ownership of Essity’s Vinda shares have been made, and Vinda has made this public announcement as required by local takeover laws. Essity announced it was going to initiate a strategic review of its ownership in the company in April 2023.

 

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