Bloomberg News

SCA Will Sell Units to Win EU Approval for Georgia-Pacific Deal

July 05, 2012

Svenska Cellulosa AB (SCAA), Europe’s biggest tissue maker, will sell assets to win European Union approval for its 1.32 billion-euro ($1.65 billion) bid for Georgia-Pacific LLC’s European tissue operations.

The European Commission said the companies would sell a production facility and brands in the U.K. and Ireland, sell a factory in Sweden, and offer a license for its Lotus brand for the Netherlands, Belgium and Luxembourg to eliminate antitrust concerns that the company would face less competition from rivals

To contact the reporter on this story: Aoife White in Brussels at awhite62@bloomberg.net.

To contact the editor responsible for this story: Anthony Aarons at aaarons@bloomberg.net.


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