SCA and Mondi divest UK-based Aylesford Newsprint
Oct 2 2012 SCA has divested its 50 percent shareholding in the UK-based newsprint facility Aylesford Newsprint to the private equity company Martland Holdings.
Martland Holdings has acquired all of Aylesford Newsprint, which was equally owned by SCA and Mondi.The mill has 280 employees and its annual capacity is approximately 400,000 tons of recovered fiber-based newsprint. Total sales for 2011 were approximately 1.6 billion Kronor. The operations have been loss-making for the past years.The sale of shares was carried out on a debt-free basis for a symbolic amount. The transaction involved a book loss of 850 million Kronor and a negative cash flow effect of 140 million Kronor for SCA. The loss will be booked in the third quarter of 2012.
