SCA Completes Divestment of Packaging Business
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SCA, Stockholm, Sweden, this week reported that the previously announced divestment of its packaging business, excluding the two kraftliner mills in Sweden, has now been completed. The buyer is U.K.-based DS Smith and the purchase price amounts to EUR 1.7 billion on a debt-free basis. SCA's two kraftliner mills in Sweden are not included in the transaction as they are well integrated with SCA's forest products operations.
The divested operations have approximately 12,000 employees.
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