Sequana Capital Explained

Sequana Capital was a French pulp and paper company.

History

The company was founded as a coal importing business known as Worms and Cie in 1848.[1] After diversifying into banking and finance it acquired Arjo Wiggins, a paper manufacturing business, in 2000.[2] The founding Worms family stood down from the board in 2004[3] and it was renamed Sequana Capital in 2005.[4] Following a protracted dispute with British American Tobacco over the payment of dividends, it was placed in liquidation in 2019.[5]

Notes and References

  1. Book: Colonial and Imperial Banking History. Hubert . Bonin. Nuno . Valério. Routledge. 2015. 978-1848935822.
  2. Web site: Takeover talk lifts Arjo Wiggins shares. The Herald. 17 May 2000. 15 May 2020.
  3. Web site: Worms & Cie turns a page in its history. Les Echos. 18 June 2004. 15 May 2020.
  4. Web site: Sequana reveals 2007 acquisition intentions. 18 April 2007. Print Week. 15 May 2020.
  5. Web site: Sequana is in liquidation. 27 June 2019. Paper Industry World. 15 May 2020.

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