Essity to acquire the remaining stake in Asaleo Care for $424m.​

Essity, a global hygiene and health company agreed to acquire a stake in Asaleo Care, a personal care and hygiene products company. Essity offers A$1.26 per share in its proposal. February 16, 2021. Essity has entered an agreement to acquire the remaining 63.8% of the shares in Asaleo Care for $424m for $1.45 per share, comprising $1.40 cash in scheme consideration, plus $0.05 per share of permitted dividends. “Following productive discussions with the Asaleo Board of Independent Directors, I am pleased to announce this agreement. The acquisition of Asaleo Care will facilitate the opportunity for profitable growth in Australia, New Zealand and the Pacific region and will further consolidate our position as a leading global health and hygiene company”, Magnus Groth, Essity President and CEO.