Hints and tips:
...The listed Svenska Cellulosa AB (SCA) is the owner of 2.6m hectares of Swedish forest, almost equivalent to the area of Belgium, which it uses to produce wood products, pulp and packaging paper....
...Sweden’s SCA has announced a deal to buy German bandage maker BSN for €2.74bn including debt....
...SCA beat rival bids from private equity groups including BC Partners and others....
...On Wednesday the paper maker Svenska Cellulosa Aktiebolaget delivered a shock of a happier sort: it intends to hack off its hygiene businesses from its forest product unit....
...’s shareholders,” said Par Boman, SCA’s chairman since 2015....
...SCA in turn has sold its 4 per cent stake in Industrivärden, the investment company that controls several of Sweden’s biggest groups including Handelsbanken, SCA, Volvo and Ericsson....
...Certain cross-holdings such as Handelsbanken’s stake in SCA and SCA’s in Industrivärden have been unwound. But the two biggest — the mutual ones between Industrivärden and Handelsbanken — remain....
...The scandal broke at the turn of the year when Swedish newspaper Svenska Dagbladet published a series of articles highlighting the questionable use of the corporate jet at SCA, the paper and hygiene company...
...Newspaper Svenska Dagbladet has published details of SCA’s corporate jet use for several weeks, revealing how wives and children of board members had flown to a company hunting lodge, football games and...
...The biggest caveat, however, is the execution risk associated with DS Smith’s digesting of SCA’s operations, says Mr O’Brien. “This is a substantial acquisition....
...SCA, however, is a transformative deal, carrying substantial execution risk....
...Shares in SCA closed up almost 10 per cent at SKr114.2. Analysts also reacted positively....
...In the UK, investors in DS Smith may have been doing cartwheels after it announced a €1.6bn deal to buy the packaging division of Sweden’s SCA....
...Shares in SCA fell 11.4 per cent to SKr69.75, while Stora Enso lost 7.8 per cent to €5.93. UPM-Kymmene shed 7.3 per cent to €10.02....
...SCA, the Swedish papermaker, plunged 12.1 per cent to SKr99.5 after its first-quarter profits lagged forecasts....
...Poor first-quarter results also saw Swedish engineering group Sandvik fall 9.2 per cent to SKr96.25 and paper-maker SCA plunge 10.9 per cent to SKr100.25....
...Deutsche Bank raised its price target on Sweden’s SCA from SKr390 to SKr430, and the stock climbed 2.7 per cent to SKr379.50....
...Swedish paper products maker SCA fell 2.5 per cent to SKr331.50 after reporting third-quarter pre-tax profits that fell shy of expectations....
...SCA, Europe’s biggest tissue paper maker, said it was targeting a 3 per cent rise in operating margin in the next three years through cost cuts and price increases....
...SCA of Sweden, Deutsche’s top pick in the sector, climbed 2.2 per cent to SKr301, while UPM-Kymmene added 1.4 per cent to €17.04....
International Edition