Sequana announces its exit from the preventive (sauvegarde) procedure and the completion of the listing of Antalis International

Press release

Boulogne-Billancourt, 12 June 2017



 

Sequana announces its exit from the preventive (sauvegarde) procedure and the completion of the listing of Antalis International

As anticipated on 15 February 2017 when the preventive (sauvegarde) procedure was opened, Sequana announces that the commercial court has now approved its preventive (sauvegarde) plan, thus bringing an end to the preventive procedure. Sequana will still benefit from the court's protection following this decision.

Antalis International was listed on the stock exchange on 12 June 2017, in accordance with the measures announced by Sequana on 15 February 2017. The market reacted positively to this operation.

About Sequana

Sequana (Euronext Paris: SEQ), is a major player in the paper industry, boasting leading positions in each of its two businesses:

- Antalis: European leader in the distribution of paper and packaging products, with around 5,600 employees based in 43 countries.

- Arjowiggins: Global manufacturer of recycled and specialty papers, with around 2,800 employees.

Sequana reported sales of €3 billion in 2016 and employed some 8,500 people worldwide.

Source: Actusnews