Essity Divests its 49 percent Stake in Sancella Tunisia to other Part Owner Sotupa

Hygiene and health company Essity has divested its 49 percent stake in Sancella Tunisia to the other owner Sotupa. Sancella Tunisia offers a range of Essity's products and brands in Tunisia, Algeria, Morocco, and Libya. Essity will retain a presence on these markets through license and distribution agreements

In 2019, Sancella Tunisia reported net sales of SEK 575 million. The divestment is expected to give rise to a gain of approximately SEK 25 million, which will be recognized as an item affecting comparability when the transaction is completed.

The transaction is subject to approval by Tunisian authorities and is expected to be completed during Q4 2020.

Essity is a leading global hygiene and health company, dedicated to improving well-being through its products and services. Sales are conducted in approximately 150 countries under the global brands TENA and Tork, and other strong brands, such as JOBST, Leukoplast, Libero, Libresse, Lotus, Nosotras, Saba, Tempo, Vinda and Zewa. Essity has about 46,000 employees.

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