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Essity publishes updated sales figures, with Vinda as discontinued operations, effective in Q4; updated Q3 net sales total SEK37.1B, profit totals SEK1.7M, with SEK88.0M from discontinued operations

Essity will classify its financial reporting of Vinda as discontinued operations as of Q4; acquisition by Isola Castle expected to be completed mid-2024, after which Vinda will be offered an exclusive license to market and sell certain Essity products

Isola Castle, wholly owned by Asia Pacific Resources International, announces pre-conditional public offer for 100% of Essity’s subsidiary Vinda for a price per share of HKD 23.50; Essity has signed an irrevocable undertaking to accept the offer

Essity's divestment of Vinda International is expected to generate cash proceeds of approximately SEK19B, set to be completed mid-2024; as of Q4 2023, Essity will classify the financial reporting of Vinda as discontinued operations

Asia Pulp & Paper reportedly may acquire a majority stake in hygiene products company Vinda International Holdings

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