M&A

The combination will bring together complementary businesses to create a truly global sustainable packaging solutions leader, with industry leading positions in two of the most attractive geographies of Europe and North America.

Under the contract concluded, the municipal company sells the entire sawmill business as a whole without dividing it into parts. The transaction amounts to Euro 6 million (amount excluding VAT).

Grigeo AB has successfully completed the acquisition of one of the mills of Głuchołaskie Zakłady Papiernicze sp. z o.o (GZP), a Polish producer of tissue paper and paperboard.

Essity has completed the divestment of its entire holding of 51.59% of shares in the Asian hygiene company Vinda International Holdings Limited for HKD 23.50 per share. The sales proceeds amounted to HKD 14.6 billion (approximately $1.8 billion).