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Essity divests partly-owned company in Turkey

Essity is divesting its 50% stake in the partly owned company SCA Yildiz in Turkey to the other part owner Yildiz.

SCA Yildiz is primarily active in Baby Care products.

In 2018, the company reported net sales of SEK 364m (TRY 197m).

The transaction is subject to customary regulatory approval by the competition authorities and is expected to be finalised in the second quarter of 2019.

Essity will retain a presence in Turkey through its wholly owned Professional Hygiene, Incontinence Products and Medical Solutions operations.

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