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Asaleo Care snared by Sweden’s Essity for $788m

Carrie LaFrenz
Carrie LaFrenzSenior reporter
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Key Points

  • Revenue ($m) 419.2 up 2.3pc from previous year 409.7
  • Pre-tax profit ($m) 53.5 v 43.3
  • Net profit ($m) 32.3 v 22.1
  • Final dividend (¢) 3.0 v 2.0

Consumer goods company Asaleo Care has been snapped up in a fresh takeover offer from its major shareholder, Swedish toilet paper and tampon giant Essity Group Holding BV, which values the company at $788 million.

As revealed by The Australian Financial Review’s Street Talk column, Essity will pay $1.45 for each share in Asaleo Care that it does not already own, made up of $1.40 cash under a scheme of arrangement and 5¢ a share of permitted dividends.

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Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
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    Original URL: https://www.afr.com/companies/manufacturing/asaleo-care-snared-by-sweden-s-essity-for-788m-20210216-p572xk