Share Name Share Symbol Market Type Share ISIN Share Description
Essity Ab (publ) LSE:0RQC London Ordinary Share SE0009922156 ESSITY ORD SHS CLASS A
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 224.75 0.00 0.00 0.00 0.00 0.00 0.00 00:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - - 0

Essity Divests Partly Owned Company in Turkey

21/05/2019 7:12am

PR Newswire (US)


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STOCKHOLM, May 21, 2019 /PRNewswire/ -- Essity is divesting its 50% stake in the partly owned company SCA Yildiz in Turkey to the other part owner Yildiz.

SCA Yildiz is primarily active in Baby Care products. In 2018, the company reported net sales of SEK 364m (TRY 197m). The divestment gives rise to a currency related loss of approximately

SEK 150m, which will be recognized as an item affecting comparability in the second quarter of 2019. This will not impact cash flow or shareholders' equity.

The transaction is subject to customary regulatory approval by the competition authorities and is expected to be finalized in the second quarter of 2019.

Essity will retain a presence in Turkey through its wholly owned Professional Hygiene, Incontinence Products and Medical Solutions operations.  

For further information, please contact:

Per Lorentz
Vice President Corporate Communications
+46-8-788-52-51
per.lorentz@essity.com

Johan Karlsson
Vice President Investor Relations
+46-8-788-51-30
johan.ir.karlsson@essity.com

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/essity/r/essity-divests-partly-owned-company-in-turkey,c2818214

The following files are available for download:

https://mb.cision.com/Main/15798/2818214/1047440.pdf

Essity divests partly owned company in Turkey

Cision View original content:http://www.prnewswire.com/news-releases/essity-divests-partly-owned-company-in-turkey-300853763.html

SOURCE Essity

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