The transaction is expected to be completed in the coming months, accoding to Fedrigoni.
Fedrigoni is considering selling off its paper and security business in Brazil. The company has "made progress to finalise" the divestment and the transaction is expected to be completed "in the coming months," said Fedrigoni in its H1 2020 report.
The Salto mill, which Fedrigoni purchased from Arjowiggins in 2015, has a production capacity of 20,000 tpy of banknote and security papers.
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