3M Says Entered Into An Agreement To Sell Assets In Thailand To Selic Corp

June 30 (Reuters) - 3M Co (MMM.N) :

• PRESS RELEASE - 3M TO SELL RIGHTS TO NEOPLAST™ AND NEOBUN™ BRANDS AND RELATED ASSETS IN THAILAND AND CERTAIN OTHER SOUTHEAST ASIA COUNTRIES

• SAYS SALE WILL NOT HAVE A MATERIAL IMPACT ON 3M’S FINANCIAL RESULTS

• SAYS 3M HAS DECIDED TO EXIT THESE BRANDS AND PRIORITIZE OTHER AREAS WITHIN ITS CONSUMER HEALTH & SAFETY DIVISION (CHSD)

• SELIC HAS INDICATED THAT IT INTENDS TO ESTABLISH OPERATIONS AT FACILITY, INCLUDING EMPLOYMENT OF INTERESTED SITE EMPLOYEES

• THIS WILL IMPACT APPROXIMATELY 250 3M THAILAND EMPLOYEES WHO ARE ELIGIBLE FOR SEVERANCE AND OUTPLACEMENT ASSISTANCE