News within the industry of pulp and paper, Jun, 17 2019
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Sequana to be liquidated

Photo: Sequana
Photo: Sequana
Published by
Simon Matthis - 16 May 2019

The Nanterre Commercial Court in France recently decided that Sequana, the holding company of Arjowiggins and Antalis, will be liquidated. The company says that it cannot meet the financial obligations imposed by the dispute with BAT. Moreover, it was no longer in a position to meet its operating costs or service other liabilities since the majority of the Arjowiggins Group's companies were in insolvency proceedings.

As previously decided, a new shareholder structure will be continued to be sought for the Antalis subsidiary in order to raise funds for future development.