STOCKHOLM, Dec. 10, 2020 /PRNewswire/ -- Essity
Aktiebolag (publ) ("Essity") today announced that Essity has made a
non-binding indicative proposal to the Board of the hygiene company
Asaleo Care Limited ("Asaleo") for the acquisition of additional
shares in Asaleo for a consideration of AUD 1.26 per share. Asaleo
is listed on the Australian Securities Exchange (ASX). Essity is
the largest shareholder of Asaleo, currently holding 36.2% of the
shares. Asaleo's current market capitalization on ASX is AUD
549m, based on the closing market
price 1.01 AUD on 9 December
2020.
There can be no certainty that any agreement will be reached,
that a formal binding proposal will be submitted, or that a
transaction will be undertaken.
The proposal is not subject to financing conditions. Essity will
finance its acquisition of shares through own funds.
Beyond what is communicated in this press release, Essity will
not make any further comments on the proposal at this time
NB: This information is such that Essity Aktiebolag
(publ) is obligated 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 03:15 CET
on December 10, 2020.
Karl Stoltz, Media Relations
Manager, +46 8 788 51 55
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-announces-proposal-to-increase-ownership-in-asaleo-care-limited,c3252130
The following files are available for download:
https://mb.cision.com/Main/15798/3252130/1346530.pdf
|
Essity announces
proposal to increase ownership in Asaleo Care Limited
|
View original
content:http://www.prnewswire.com/news-releases/essity-announces-proposal-to-increase-ownership-in-asaleo-care-limited-301190007.html
SOURCE Essity