Sequana appeals court ruling on $138m remedy payment to BAT, Antalis IPO to be finalised in June

摘要

On 31 March, Sequana Capital, the French holding company of paper merchant Antalis and specialty and graphic paper manufacturer Arjowiggins, has lodged an appeal against the ruling of the British High Court of Justice in London in a litigation case with British American Tobacco (BAT) Industries over eight-year-old dividend payments by Sequana's former US subsidiary Windward Prospects, formerly Arjo Wiggins Appleton. In its annual results 2016 report Sequana said that it had taken legal advice and considered that it still had "solid legal arguments to raise on its own appeal." According to Sequana, the appeal is "unlikely to be heard before 12 to 18 months."