As required by the Takeovers Code in Hong Kong, Essity has today confirmed that discussions are ongoing with a number of interested parties in respect of a potential transaction regarding Essity owned shares in Vinda.
No decisions relating to the future ownership of Essity’s Vinda shares have been made. Vinda has made a public announcement as required by local laws.
On April 26, 2023, Essity announced its decision to initiate a strategic review of the company's ownership in the Asian hygiene company Vinda International Holdings Ltd (Vinda).
Essity's ownership in Vinda amounts to 51.59%. Vinda is listed on the Hong Kong stock exchange.
Vinda’s announcement may be found here: http://www.vinda.com/upload/files/20231120/22240222hf.pdf
Essity will not make any further comments.
NB: This information is such that Essity Aktiebolag (publ) is obligated to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, at 15:45 CET on November 20, 2023.
Source: Essity
