Essity confirms discussions ongoing with interested parties in respect of potential transaction regarding Essity-owned shares in Vinda
STOCKHOLM, November 20, 2023-
As required by the Takeovers Code in Hong Kong, Essity has today confirmed that discussions are ongoing with a number of interested parties in respect of a potential transaction regarding Essity owned shares in Vinda. No decisions relating to the future ownership of Essity’s Vinda shares have been made. Vinda has made a public announcement as required by local laws.
On April 26, 2023, Essity announced its decision to initiate a strategic review of the company's ownership in the Asian hygiene company Vinda International Holdings Ltd (Vinda).
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