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. Click "read more" below for additional information.
UPM is simplifying the Ultra grade line and dropping “Plus” from certain product names. Please note the changes below will be effective with orders placed January 1, 2017.
1. “UPM Ultra Plus H” from European mills will change to “UPM Ultra H”
2. “UPM Ultra Plus Silk H” from European mills will change to “UPM Ultra Silk H”
3. “UPM Ultra Plus G” will change to “UPM Ultra G”
4. “UPM Ultra Plus Silk G” will change to “UPM Ultra Silk G”
No changes will be made to Ultra products from the UPM Blandin mill:
* UPM Ultra H NA
* UPM Ultra Plus H NA
* UPM Ultra Silk H NA
* UPM Ultra Plus Silk H NA