Jun 03, 2014. /Lesprom Network/. SCA and its Australian partner, Pacific Equity Partners, have decided to float their joint venture in Australia, New Zealand and Fiji on the Australian Securities Exchange, as the company said in the press release received by Lesprom Network.

A draft of the prospectus for the initial public offering (IPO) was today submitted to the Australian Securities and Investment Commission (ASIC). The listing of the joint venture Asaleo Care (formerly SCA Hygiene Australasia) on the ASX is scheduled to take place in late June or early July 2014.

SCA intends to retain a significant shareholding in Asaleo Care. The Group currently owns 50% of the company. The stock market floatation will dilute SCA’s holding in the company. SCA’s ownership is expected to be approximately 33% following the IPO.

Asaleo Care manufactures and markets consumer tissue and Away-from-Home tissue, diapers, feminine care products and incontinence products.

SCA is a leading global hygiene and forest products company. The Group develops and produces sustainable personal care, tissue and forest products.