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Sequana announces liquidation

Sequana, the parent company of Arjowiggins and the major shareholder in Antalis, has announced a court-ordered liquidation.

Sequana said that this decision resulted from the judgment of the London Court of Appeal in the dispute with BAT Industries plc.

Antalis, which is currently 75.2% owned by Sequana, says it is working with Goldman Sachs to set up a new shareholding structure.