reports
- Please Change Name Martin Fujerik
Moody's withdraws SCA AB's P-2 rating for business reasons
Rating Action: Moody's withdraws SCA AB's P-2 rating for business reasons. Global Credit Research- 16 Jun 2017. Frankfurt am Main, June 16, 2017-- Moody's Investors Service, has today withdrawn all ratings of Svenska Cellulosa Aktiebolaget SCA.
Result of Meeting with Holders of Bonds Issued by SCA
STOCKHOLM--(BUSINESS WIRE)-- On October 27, 2016, SCA (STO:SCAA) (STO:SCAB) invited holders of bonds issued under the company’s EMTN-program to agree to a substitution of counterparty from SCA to SCA Hygiene AB and to waive certain conditions in connection with the contemplated distribution of SCA Hygiene AB to its shareholders. The meeting was held today where the offer and the request were approved. For further information regarding the result of today’s meeting with bondholders, please see: http://mb.cision.com/Public/600/...
SCA Joins the Ellen MacArthur Foundation CE100 program
STOCKHOLM--(BUSINESS WIRE)-- SCA (STO:SCAA) (STO:SCAB), a leading global hygiene and forest products company, has joined the Circular Economy 100 (CE100), an Ellen MacArthur Foundation program established to enable organizations to develop new circular opportunities. The transition to a circular economy – powered by renewable energy and in which resources and energy are used as effectively as possible – is the core of any low-carbon society. The CE100 membership will help accelerate SCA’s circular economy ambitions and further enhance...
SCA Closes Baby Diaper Business in Mexico
STOCKHOLM--(BUSINESS WIRE)-- As part of SCA’s (STO:SCAA) (STO:SCAB) work with addressing weak market positions that have inadequate profitability, the Group has decided to close its baby diaper business in Mexico. Mexico is the Group’s eighth largest market, based on sales in 2015, and is highly prioritized by SCA. SCA holds leading market positions in feminine care, incontinence products and tissue in the country. The total costs for the closure of the business are expected to amount to approximately SEK 170m and will be rec...
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