Sequana

Kokusai Pulp & Paper completed on 21 July 2020 the purchase of Sequana's and Bpifrance Participations' Antalis shares, giving it 83.7% and majority control, and plans a simplified cash tender offer at EUR 0.73 per share.

Kokusai Pulp & Paper (KPP) signed binding agreements with Sequana and Bpifrance to acquire their 83.7% stake in paper and packaging distributor Antalis, representing about 75.2% of its share capital. The deal is subject to conditions precedent.

Fineska B.V. agreed to acquire Arjowiggins Papiers Couches/Arjowiggins Creative Papers from Sequana SA for EUR 125 million, with net proceeds to Sequana around EUR 20 million. Completion is expected by the end of October 2018.