SCA Sells Stake in AB Industrivärden

 

SCA, Sweden, has sold its entire holding of 12,108,723 A-shares in AB Industrivärden, Sweden, representing 4.3% and 2.8% of votes and capital, respectively. The shares were sold to Swedish institutions and investors, for a price of SEK 169 per A-share. 

Following the transaction SCA does not own any shares in AB Industrivärden. 

SCA is a leading global hygiene and forest products company. The Group develops and produces sustainable personal care, tissue and forest products. 

Industrivärden notes that its business mission is to generate high growth in net asset value through a professional asset management operation and active ownership, and thereby enable a long-term total return for the shareholders that is higher than the average for the Stockholm Stock Exchange.