Market Overview

SCA To Raise Stake In Vinda International

Swedish company Svenska Cellulosa AB (OTC: SVCBY) announced its plans to lift its stake in Chinese company Vinda International Holdings Ltd.

SCA will buy another 5% of the shares in Vinda for about SEK600 million ($88.4 million).

SCA shares closed at $16.58 yesterday.

Posted-In: stakeNews

 

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