Edition:
India

Essity Acquires 75% Of The Medical Solutions Company Abigo Medical AB


Thursday, 27 Feb 2020 

Feb 27 (Reuters) - Essity AB (publ) ::ESSITY ACQUIRES 75% OF THE MEDICAL SOLUTIONS COMPANY ABIGO MEDICAL AB.ESSITY AB (PUBL) - COMPANY AS A WHOLE IS VALUED AT SEK 900M ON A DEBT-FREE BASIS..ESSITY AB (PUBL) - COMPLETION OF TRANSACTION IS SUBJECT TO CUSTOMARY REGULATORY APPROVALS AND CLOSING IS EXPECTED TO TAKE PLACE DURING Q2 OF 2020..ESSITY AB (PUBL) - JAN G. SMITH WILL RETAIN A 25% STAKE IN COMPANY AND REMAIN AS CHAIRMAN OF BOARD..ESSITY AB (PUBL) - HYGIENE AND HEALTH COMPANY ESSITY HAS SIGNED AN AGREEMENT TO ACQUIRE 75% OF SWEDISH MEDICAL SOLUTIONS COMPANY ABIGO MEDICAL AB.ESSITY AB (PUBL) - ACQUISITION IS A GOOD STRATEGIC FIT FOR ESSITY AND STRENGTHENS INNOVATION CAPACITY OF OUR MEDICAL SOLUTIONS BUSINESS.ESSITY AB (PUBL) - COMPANY AS A WHOLE IS VALUED AT SEK 900M ON A DEBT-FREE BASIS.ESSITY AB (PUBL) - CLOSING IS EXPECTED TO TAKE PLACE DURING Q2 OF 2020. 

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