SCA intends to divest SCA Logistics (Rotterdam) B.V. to the Dutch company Matrans Holdings B.V. The transaction is expected to reduce SCA’s net debt by about SEK 575 million ($61.2 million), including both the purchase price and the effect of financial leases which are included in the sale. The divestment is expected to reduce SCA’s EBITDA by around SEK 30 million ($3.2 million) on an annual basis, as the company says in the press release received by Lesprom Network.
SCA Logistics (Rotterdam) B.V.’s operations comprises the port terminal, stevedoring, forwarding and ships agency services. The company leases quay and the terminal land area from the Port of Rotterdam and owns the warehouses, offices, cranes and vehicles located on the leased area.
Matrans Holdings B.V. currently runs logistic services from neighboring terminals. As part of the agreement, Matrans Holdings B.V. will continue to supply logistics services to SCA.
SCA Logistics will also continue to run efficient and regular marine feeder traffics for bulk, roro- and container via the Rotterdam terminal. The terminal, under the new ownership of Matrans, will be run by the same management and staff as today.
SCA Logistics (Rotterdam) B.V. has approximately 80 employees in the Rotterdam terminal. The intended sale is subject to customary Workers Council consultation and approval by Port of Rotterdam.
The core of SCA’s business is the forest, Europe’s largest private forest holding.
