STOCKHOLM, Sweden, July 16, 2002 (PRIMEZONE) -- SCA has sold its 51% stake in the German liquid packaging company Zewathener to DS Smith, the international packaging and office products supplier. SCA acquired its stake in 1995 by purchasing PWA. The reason for the sale is that the operations of Zewathener can not be integrated in SCA's packaging operations in a natural way. Zewathener has an annual turnover of 22 million Euro. The profit from the sale, approx. SEK 90 million will be included in the packaging business's profit for the third quarter of 2002.
Stockholm, July 16, 2002
SVENSKA CELLULOSA AKTIEBOLAGET SCA (publ) Communications and Investor Relations
For further information, please contact:
Jan Astrom, President and CEO. Phone +46 8 788 51 25.
This information was brought to you by Waymaker http://www.waymaker.net
The following files are available for download:
www.waymaker.net/bitonline/2002/07/16/20020716BIT00200/wkr0001.doc www.waymaker.net/bitonline/2002/07/16/20020716BIT00200/wkr0002.pdf