Sequana Capital exits preventive safeguard proceedings

13 Jun 2017 − 

The commercial court has approved Sequana's plan de sauvegarde. "Sequana will still benefit from the court's protection following this decision," the company explained.

On 12 June, Sequana Capital has announced that the Commercial Court of Nanterre has approved its preventive restructuring plan (plan de sauvegarde), allowing the French company to exit the safeguard proceedings (procédure de sauvegarde). According to Sequana, the company continues to from the court's protection following this decision.

Sequana had filed for creditor protection under the safeguard proceedings of the French corporate restructuring and insolvency law in mid-February.The stock exchange listing of Antalis on the Euronext Paris that has been completed yesterday, and the divestment of Arjowiggins Security are the two key elements of the Sequana's plan de sauvegarde presented at the commercial court.

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