Fineska rescinds purchase of Arjowiggins' papers businesses

02 Jan 2019 − 

In the context of "extremely deteriorated market conditions" and a lack of visibility for 2019, Fineska BV has stopped the transaction initiated in July 2018. Sequana will now review alternative options for the division.

The negotiations initiated in July 2018 with Fineska BV (the Andlinger & Company group) for the sale of Arjowiggins' Graphic and Creative Papers businesses continued in an extremely deteriorated market conditions context, notably hit by significant and successive price increases in pulp, and to a lesser extent in energy, informs Sequana.

In this context and considering the lack of visibility for FY 2019, Fineska BV has stopped the sale process. Because of this decision, Sequana is reviewing the different strategic options to be implemented.

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