SCA To Raise Stake In Vinda International

by Monica Gerson, Benzinga Staff Writer

April 10, 2012 6:34 AM | 14 seconds read | Make a Comment

Swedish company Svenska Cellulosa AB

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.

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SCA To Raise Stake In Vinda International