SCA has now completed the previously announced divestment of the Laakirchen mill in Austria. The Laakirchen mill, producing magazine paper, was sold to Heinzel Group. The closing follows clearance by relevant competition authorities.
The initial purchase consideration is EUR 100m with a possible maximum additional purchase price of EUR 100m based on a two-year profit-sharing model.
The first press release regarding the transaction was published on December 19, 2012.