Sequana to be liquidated (

Sequana, the parent company of Arjowiggins and currently the majority shareholder in Antalis is to be liquidated, a court has ruled.

The decision was announced yesterday by the Commercial Court of Nanterre.

Sequana will be liquidated over a two-year period by a court-appointed liquidator, and the group will ask Euronext to continue the suspension of its share trading on the Paris Stock Exchange.

The decision comes after a High Court ruling was upheld by the London Court of Appeal in February, ordering Sequana to pay a €163m (£143m) to British American Tobacco (BAT) in a protracted dispute over the distribution of dividends in 2008 and 2009.

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