# Essity mulls selling Vinda stake and Consumer Tissue Private Label Europe business
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2023-04-26
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: Essity considers stake in Vinda and Tissue Private Label
Meta Description: Essity is reviewing options to reduce its Consumer Tissue division's share of group sales, with a strategic review including possible divestments. Details
URL: https://financedigest.com/essity-mulls-selling-vinda-stake-and-consumer-tissue-private-label-europe-businesshtml

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# Essity mulls selling Vinda stake and Consumer Tissue Private Label Europe business

STOCKHOLM (Reuters) – Hygiene products group Essity said on Wednesday it has initiated a strategic review of its stake in China-based Vinda and its Consumer Tissue Private Label Europe business.

The Swedish company said in a statement the aim of the review is to reduce its Consumer Tissue division’s share of group sales.

“The strategic review includes exploring different options and may result in divestments, although no such decisions have yet been taken,” it said.

Essity is the majority shareholder in Hong Kong-based Vinda with a 52% stake.

Vinda in 2022 accounted for 16% of Essity’s 156 billion Swedish crowns ($15.16 billion) turnover, while the Consumer Tissue [Private Label Europe business](https://www.financedigest.com/private-equity-firms-hungry-for-investment-opportunities-but-business-owners-must-be-cautious-2.html "Private equity firms hungry for investment opportunities, but business owners must be cautious") represented 6%.

($1 = 10.2929 Swedish crowns)

(Reporting by Anna Ringstrom, editing by Terje Solsvik)


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