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. This is considered to increase value for SCA's shareholders in the long term. An evaluation of various methods and structural alternatives has been carried out.
Following a split, there will be two listed companies, one of which will be SCA, an efficient and well-invested forest products company that will include the forest products operations and all forest land currently owned by the SCA Group. The second will be a leading global hygiene and health company and include the current SCA business areas of Personal Care and Tissue. This company will be given a new name.
*Lex Asea is a tax regulation in Sweden. This provision means that if a parent company distributes shares in a wholly owned subsidiary to its shareholders, then the taxation of the capital gain the shareholders may enjoy in connection with the distribution can, under certain circumstances, be postponed until such time the shareholder in turn sells the shares that were received.
NB: This information is information that SCA is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, at 15:35 p.m. CET on February 23, 2017.
For additional information please contact:
Johan Karlsson, Vice President Investor Relations, 46 (0)8 788 51 30
Karl Stoltz, Media Relations Manager, 46 (0)8 788 51 55
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