Feb 16 (Reuters) - Essity AB (publ) ESSITYa.ST :
* ESSITY ENTERS AGREEMENT TO ACQUIRE AUSTRALIAN HYGIENE COMPANY ASALEO CARE
* NOW ENTERED AN AGREEMENT WITH HYGIENE COMPANY ASALEO CARE TO ACQUIRE REMAINING 63.8% OF SHARES IN COMPANY FOR AUD 1.40 CASH PER SHARE
* CONSIDERATION IMPLIES AN EQUITY VALUE ON A 100% BASIS OF APPROXIMATELY AUD 760M (APPROXIMATELY SEK 4.9BN) AND AN ENTERPRISE VALUE OF AUD 855M
* WILL FINANCE ACQUISITION OF SHARES THROUGH OWN FUNDS.
* WILL FINANCE ACQUISITION OF SHARES THROUGH OWN FUNDS
* SHAREHOLDERS IN ASALEO CARE WILL RECEIVE AUD 0.03 DIVIDEND DECLARED BY ASALEO FOLLOWING ANNOUNCEMENT OF THEIR FY 2020 RESULTS ON FEB. 17, 2021
* AT ABSOLUTE DISCRETION OF ASALEO BOARD IT IS INTENDED THAT FURTHER SPECIAL DIVIDEND OF AUD 0.02 IS PAID PRIOR TO COMPLETION OF TRANSACTION
* PROPOSAL IS NOT SUBJECT TO FINANCING CONDITIONS