Court delays decision on sale of Arjowiggins French units

BRUSSELS, March 14, 2019 (PPI Europe) -The Commercial Court of Nanterre has postponed a ruling on the offers from potential buyers for Arjowiggins’ three sites in France, currently in receivership, for two weeks with a view to finding the best industrial, financial and employment solutions, Sequana said in a statement. The next hearing on the matter is now slated for March 20.

According to French press reports, two offers have been tabled for the Arjowiggins operations in France. The first is reportedly from the Swedish firm Lessebo Finance, an investment vehicle of the Norwegian entrepreneur Terje Haglund, which recently took over ...

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