Sequana’s sale of Arjowiggins’ Graphic and Creative Papers (France) businesses has been canned after the buyer got cold feet as a result of deteriorating market conditions.

Arjowiggins’ parent company Sequana had been in talks to sell the EUR 528 million turnover papermaking businesses to Dutch firm Fineska, which owns graphic cardboard business Eska Group, in a EUR 125 million deal.

Negotiations for the sale began in July 2018 following a competitive bidding process and had been expected to be completed by the end of October 2018.

 

More information is available in the full Print Week article available online.