Initiated work in order to propose to the Annual General Meeting to decide on a split of the SCA Group into two listed companies: hygiene and forest products.
On August 24, , SCA announced that the company would initiate work in order to be able to propose to the Annual General Meeting to decide on a split of the SCA Group into two listed companies; one for the hygiene business and one for the forest products business.
A split of the Group and a distribution and listing of the shares in the subsidiary which today operates the hygiene business, is expected to increase focus, customer value, development opportunities and enables each company to successfully realize its strategies under the leadership of separate and dedicated management teams, two different boards of directors and independent access to capital.
In addition, the synergies between the operations have diminished over time and are currently limited. An evaluation of various methods and structural alternatives to carry out a complete split of the business into two separate companies has been carried out. Distribution to shareholders is planned in proportion to their holdings of Class A and Class B shares. If shareholders approve the proposal, the new hygiene company is planned to be distributed and listed on Nasdaq Stockholm no later than in the second half of In , SCA announced that it had entered into an agreement to acquire BSN medical, a leading medical solutions company.
BSN medical develops, manufactures, markets and sells products within wound care, compression therapy and orthopedics. The completion of the transaction is subject to customary regulatory approvals.
