Further to the announcement in February 2021, that hygiene and health company Essity had entered an agreement to acquire the remaining 63.8 per cent of the shares in Asaleo Care, Essity has announced that Asaleo Care shareholders voted in favour of accepting the offer. Essity will acquire remaining 63.8 per cent of the shares for AUD 1.40 cash per share.
Further to the announcement in February 2021, that hygiene and health company Essity had entered an agreement to acquire the remaining 63.8 per cent of the shares in Asaleo Care, Essity has announced that Asaleo Care shareholders voted in favour of accepting the offer. Essity will acquire remaining 63.8 per cent of the shares for AUD 1.40 cash per share.#
According to Essity, the consideration implies an equity value on a 100 per cent basis of approximately AUD 760 million (approximately SEK 4.9 billion) and an enterprise value of AUD 855 million (approximately SEK 5.5 billion).
Further to the announcement in February 2021, that hygiene and health company Essity had entered an agreement to acquire the remaining 63.8 per cent of the shares in Asaleo Care, Essity has announced that Asaleo Care shareholders voted in favour of accepting the offer. Essity will acquire remaining 63.8 per cent of the shares for AUD 1.40 cash per share.#
In 2020, Asaleo Care reported sales of AUD 419 million (approximately SEK 2.7 billion) and underlying EBITDA of AUD 89 million (approximately SEK 574 million). Based on this, Asaleo Care would have contributed to Essity's net sales and EBITDA by approximately 2 per cent for 2020.
Further to the announcement in February 2021, that hygiene and health company Essity had entered an agreement to acquire the remaining 63.8 per cent of the shares in Asaleo Care, Essity has announced that Asaleo Care shareholders voted in favour of accepting the offer. Essity will acquire remaining 63.8 per cent of the shares for AUD 1.40 cash per share.#
“The acquisition of Asaleo Care will facilitate the opportunity for profitable growth in Australia, New Zealand and the Pacific region and will further consolidate our position as a leading global health and hygiene company,” Magnus Groth, president and CEO of Essity said in a press release.
Further to the announcement in February 2021, that hygiene and health company Essity had entered an agreement to acquire the remaining 63.8 per cent of the shares in Asaleo Care, Essity has announced that Asaleo Care shareholders voted in favour of accepting the offer. Essity will acquire remaining 63.8 per cent of the shares for AUD 1.40 cash per share.#
The company further added that the transaction is subject to approval by the federal court of Australia which will be sought at a court hearing scheduled for June 9, 2021. Subject to court approval, the transaction is planned to be finalised on July 1, 2021.
Fibre2Fashion News Desk (JL)
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