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Svenska Cellulosa AB SCA floats its joint venture Asaleo Care in Australia

Monday, 30 Jun 2014 01:00am EDT 

Svenska Cellulosa AB SCA:Says it floated its joint venture, Asaleo Care, in Australia, New Zealand and Fiji on the Australian Securities Exchange (ASX).Trading in the shares will commence on July 3.In early June, SCA and its Australian partner, Pacific Equity Partners (PEP), announced that an IPO was planned for the joint venture Asaleo Care.Says after the IPO, SCA’s holding in Asaleo Care will amount to about 32.5 pct. 

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2.6 +1.04%
11:30am EDT