Arjowiggins sale terminated

The deal would have marked Sequana’s exit from industrial-scale papermaking

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Sequana's sale of Arjowiggins' Graphic and Creative Papers 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 €528m (£475m) turnover papermaking businesses to Dutch firm Fineska, which owns graphic cardboard business Eska Group, in a €125m deal.

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Source: PrintWeek