STOCKHOLM--(BUSINESS WIRE)--Together with the other part-owners, SCA (STO:SCAA)(STO:SCAB) has decided to jointly sell Bromma Business Jet.
“We have completed the sales process jointly with the other part-owners. The sale of Bromma Business Jet is in line with SCA’s previous announcement stating that the Group will not own business jets,” says Magnus Groth, President and CEO of SCA.
The divestment is expected to be completed not later than February 29, 2016. The transaction will give rise to costs of approximately SEK 95m and be reported as an item affecting comparability in the third quarter of 2015.
SCA is a leading global hygiene and forest products company. The Group develops and produces sustainable personal care, tissue and forest products. Sales are conducted in about 100 countries under many strong brands, including the leading global brands TENA and Tork, and regional brands, such as Libero, Libresse, Lotus, Nosotras, Saba, Tempo and Vinda. As Europe’s largest private forest owner, SCA places considerable emphasis on sustainable forest management. The Group has about 44,000 employees. Sales in 2014 amounted to approximately SEK 104bn (EUR 11.4bn). SCA was founded in 1929, has its headquarters in Stockholm, Sweden, and is listed on NASDAQ OMX Stockholm. For more information, visit www.sca.com.
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