Swedes bid for Hong Kong tissue firm Vinda

SCA’s bid for Vinda values the HKEx-listed company at $1.4 billion.

Swedes bid for Hong Kong tissue firm Vinda

Swedish paper company SCA is bidding for a controlling stake in Vinda International, a Hong Kong-listed maker of pocket tissues and other paper products.

SCA bought 21.7% of Vinda in 2007 and is now offering HK$11 a share to the remaining shareholders, which include Invesco, Morgan Stanley, New China Capital Management, Skagen and Value Partners.

Fu An International, the biggest shareholder, owns 23.8% and is controlled by Vinda’s co-founders, Chao-wang Li...

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