SCA increased ownership in Chinese tissue company Vinda.
On 29 March 2007, SCA acquired an initial holding of 20% of the shares in the Hong Kong-based tissue company Vinda.
This shareholding was later diluted to 14% when Vinda was listed through an IPO on the Hong Kong stock exchange in July 2007. Vinda, one of the leading brands with modern assets, is among the three largest companies within the rapidly growing tissue market in China.
In February 2008, SCA increased its ownership from 14% to 19%. The partial acquisition amounted to SEK 119m.
To press release