Svenska Cellulosa SCA AB (SVCBY.PK) Key Developments | Reuters.com
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Svenska Cellulosa SCA AB (SVCBY.PK)

SVCBY.PK on OTC Markets Group

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28 Jun 2016
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Latest Key Developments (Source: Significant Developments)

SCA says fined SEK 325 mln in Spain, will appeal
Wednesday, 1 Jun 2016 01:01am EDT 

SCA : Says as communicated in May 2015, the company is one of several businesses active on the Spanish incontinence care market that is part of an investigation by the Spanish National Commission for Markets and Competition (CNMC) . Says CNMC is fining SCA about SEK 325 million for alleged improper market conduct between 1996 and 2014 . Says does not agree with the CNMC's decision and will submit an appeal . Says a provision for the fine will be reported as an item affecting comparability in the second quarter of 2016 ((Niklas.Pollard@thomsonreuters.com; +46 70721 1110; Reuters Messaging: niklas.pollard.reuters.com@reuters.net)).  Full Article

Svenska Cellulosa AB SCA says divestment of business for integration with Vinda is closing
Friday, 1 Apr 2016 08:08am EDT 

Svenska Cellulosa AB SCA:Divestment of its business in South East Asia, Taiwan and South Korea for integration with Vinda is closing on April 1.  Full Article

Svenska Cellulosa AB SCA proposes increase in dividend
Thursday, 28 Jan 2016 02:00am EST 

Svenska Cellulosa AB SCA:Proposes an increase in the dividend by 9.5%, to SEK 5.75 per share.  Full Article

Svenska Cellulosa AB says acquisition of Wausau Paper Corp. closed
Thursday, 21 Jan 2016 09:37am EST 

Svenska Cellulosa AB SCA:Says acquisition of Wausau Paper has been closed for total consideration of $513 million in cash.Wausau Paper is a North American Away-from-Home Tissue Company.  Full Article

Svenska Cellulosa AB says divestment of Asian businesses to Vinda approved
Wednesday, 13 Jan 2016 03:32am EST 

Svenska Cellulosa AB SCA:Says SCA's divestment of its business in South East Asia, Taiwan and South Korea for integration with Vinda approved.Says the transaction is expected to close on Feb. 1, 2016.  Full Article

Svenska Cellulosa AB SCA Environmental court grants SCA approval for increased pulp production in Munksund
Monday, 14 Dec 2015 07:00pm EST 

Svenska Cellulosa AB SCA:Umea environmental court grants SCA approval for increased pulp production in Munksund to 295,000 tonnes per year until 2018.Environment Court has also given SCA Munksund extended time to tune the biological effluent treatment plants.  Full Article

Svenska Cellulosa says U.S authority approves acquisition of Wausau Paper
Wednesday, 18 Nov 2015 04:35am EST 

Svenska Cellulosa AB SCA:Says early termination of U.S Hart-Scott-Rodino waiting period received in connection with SCA's acquisition of Wausau Paper Corp.The transaction is expected to close during Q1 2016, subject to approval by the Wausau Paper shareholders and other customary closing conditions.SCA announced on Oct. 13 the acquisition of Wausau Paper.  Full Article

Svenska Handelsbanken sells its holding in SCA
Friday, 6 Nov 2015 01:58am EST 

Svenska Handelsbanken AB:Has divested 15,145,124 class A shares in Svenska Cellulosa Aktiebolaget, SCA (publ), corresponding to 2.1 pct of the capital and 10.3 pct of voting rights.  Full Article

Svenska Cellulosa AB SCA sells its stake in Industrivarden
Tuesday, 3 Nov 2015 02:55am EST 

Svenska Cellulosa AB SCA:Sells its stake in AB Industrivarden.Has sold its entire holding of 12,108,723 A-shares in AB Industrivarden representing 4.3 pct and 2.8 pct of votes and capital respectively.The shares were sold to Swedish institutions and investors, for a price of 169 Swedish crowns per A-share.Following the transaction SCA does not own any shares in AB Industrivarden.  Full Article

Svenska Cellulosa AB SCA - Chile eyes harsher penalties after toilet paper collusion scandal - Reuters
Monday, 2 Nov 2015 10:22am EST 

Svenska Cellulosa AB SCA:Chilean government officials held an emergency meeting on Monday to discuss a crackdown on anti-competitive practices after regulators identified collusion in the market for toilet paper, tissues and other paper products - RTRS.Chile's competition regulator said last week that Chilean forestry company CMPC had colluded with PISA, purchased by Swedish-owned SCA in 2012, for at least a decade to control nearly 90 percent of the nation's toilet paper and tissue sales and kept prices higher - RTRS.SCA was slapped with a $15.5 million fine, while CMPC escaped punishment because it admitted wrongdoing in March - RTRS.But on Monday the government demanded the companies agree on a compensation plan for consumers, while ministers met to draft reforms that would include jail time and higher fines for collusion - RTRS.Since the toilet paper scandal broke last Wednesday, CMPC shares have fallen around 10 percent on the Santiago stock exchange. Stockholm-listed SCA has been unaffected - RTRS.Combined sales for SCA and PISA totaled $400 million annually last year - RTRS.  Full Article