10-28-13 8:00 AM EDT | Email Article
    By Dominic Chopping 
 

STOCKHOLM--Swedish hygiene products and tissue producer Svenska Cellulosa AB, or SCA (SCA-B.SK) said Monday that it has secured an ownership share of 56.33% in Chinese tissue manufacturer Vinda (3331.HK), signifying that the terms for completion of the offer have been met.

 
   MAIN FACTS: 

-The acceptance period expires on Nov. 11, 2013.

-On Sep. 9, 2013, SCA announced that the company was planning to make a cash offer for Vinda, which is China's third largest tissue manufacturer.

-Prior to the publication of the offer, SCA held approximately 21.7% of the shares in Vinda.

-At 1043 GMT shares traded 0.4% higher at SEK182.

 

-Write to Dominic Chopping at dominic.chopping@wsj.com; Twitter: @WSJNordics

 

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(END) Dow Jones Newswires

October 28, 2013 08:00 ET (12:00 GMT)

Copyright (c) 2013 Dow Jones & Company, Inc.
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