Essity Group’s Takeover Bid for 4.2% Stake in Productos Familia

Cuatrecasas has advised Essity Group Holding B.V. on making a takeover bid for 4.2% of the common stock in Colombia-based LATAM multinational Productos Familia, S.A.

A transaction—approved by the Financial Superintendence of Colombia (SFC)—with which the Essity Group, as Productos Familia’s majority shareholder, intends to delist the company from the Colombian Stock Exchange and National Registry of Securities and Issuers (RNVE).

Hygiene and health company Essity develops, produces and sells products and solutions within the Business Areas Personal Care, Consumer Tissue and Professional Hygiene.

Familia is headquartered in Medellín, Colombia, with a strong presence across Latin America. The company operates primarily in Personal Care, and also in Consumer Tissue and Professional Hygiene.

The Cuatrecasas team advising on the transaction included Juan Felipe Vera (Picture), Pablo Martínez and Salomé Perea.

Involved fees earner: Pablo Martínez – Cuatrecasas; María Salomé Perea – Cuatrecasas; Juan Felipe Vera – Cuatrecasas;

Law Firms: Cuatrecasas;

Clients: Essity Finland Ab ;