SEQUANA : Sale of Arjowiggins Security BV (AcT)
Press release
Boulogne-Billancourt, 21 July 2017
Sale of Arjowiggins Security BV to Oberthur Fiduciaire
Publication of half-yearly results on 13 September 2017
Arjowiggins Security has entered into a binding agreement with Oberthur Fiduciaire concerning the sale of its subsidiary, Arjowiggins Security BV, covering the VHP mill in Apeldoorn (the Netherlands) and the intellectual property rights related to the production of banknote paper, for a gross amount of €22 million, (plus an earn-out). The transaction will complete on 31 July 2017.
Arjowiggins also sold the Charavines site to Fregata Hygiène in late June. This transaction will have no impact on either Arjowiggins' results or financial position.
Furthermore, in light of regulatory requirements concerning the planned issue of high-yield notes to refinance its subsidiary, Antalis International, Sequana will publish its half-yearly results on 13 September 2017.
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: World leader in creative and technical papers, with approximately 2,800 employees.Sequana reported sales of €3 billion in 2016 and employed some 8,500 people worldwide.
Sequana
Analysts & Investors
Xavier Roy-Contancin
+33 (0)1 58 04 22 80
Communication
Sylvie Noqué
+33 (0)1 58 04 22 80
contact@sequana.com
Image Sept
Claire Doligez
Priscille Reneaume
+33 (0)1 53 70 74 25
cdoligez@image7.fr
preneaume@image7.fr
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- General Company News
Full and original press release in PDF:
https://www.actusnews.com/documents_communiques/ACTUS-0-49621-sequana_communique-21-07-2017-eng.pdf
Source : Actusnews