KPP, Sequana and Bpifrance have signed binding agreements for the possible acquisition of Sequana and KPP's 83,7% stake in Bpifrance in Antalis

Kokusai Pulp & Paper (KPP) and Sequana SA have reached a put option agreement, according to which KPP agreed, subject to certain previous conditions, to acquire 53,395,148 ordinary shares of Antalis SA held by Sequana, which represents approximately 75,2% of the Antalis stake and 82,5% of the voting rights. The Sequana block would be acquired at a price per share equal to € 0,10, subject to a limited downward price adjustment on the closing date, as the case may be.

Additionally, KPP agreed to acquire and Bpifrance agreed to sell 6.064.946 ordinary shares (approximately 8,5% of the share capital and voting rights) of Antalis, for a price per share equal to € 0,40, subject only to the effective transfer of Sequana shares to KPP.