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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.
