Essity's offer to acquire remaining 63.8% of shares in Asaleo Care accepted by Asaleo's shareholders
STOCKHOLM, June 2, 2021-
Further to the announcement on February 16, 2021, that the hygiene and health company Essity had entered an agreement to acquire the remaining 63.8% of the shares in the Australian hygiene company Asaleo Care, Essity today notes the announcement by Asaleo Care, that the company’s shareholders voted in favor of accepting Essity’s offer.
Essity will acquire the remaining 63.8% of the shares in Asaleo Care for AUD 1.40 cash per share. The consideration implies an equity value on a 100% basis of approximately AUD 760m (approximately SEK 4.9bn) and an enterprise value of AUD 855m (approximately SEK 5.5bn).
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