Sylvamo Plans to Sell Europe Business to Midas Atlantic Partners
Sylvamo has entered a put option agreement with Midas Atlantic Partners, partnering with The Najafi Companies, for a binding offer to acquire its Europe business. The divestiture encompasses uncoated freesheet paper mills in Saillat, France, and Nymolla, Sweden, alongside related forestry operations. Following consultation processes, the parties intend to execute a definitive share purchase agreement. Sylvamo will transfer the business with agreed working capital and cash, retaining a 20% right to future distributions. The transaction is anticipated to close by the end of the first quarter of 2027.
Sylvamo is entering into a put option agreement with Midas Atlantic Partners for a binding offer to acquire Sylvamo’s Europe business. Midas Atlantic Partners is acting in partnership with The Najafi Companies.
The planned divestiture includes Sylvamo’s uncoated freesheet paper mills in Saillat, France, and Nymolla, Sweden, along with forestry and supporting business operations.
After consultation processes are completed, the parties expect to enter into a definitive share purchase agreement. Under the planned agreement, the business would transfer to Midas Atlantic Partners with an agreed level of working capital and cash. Sylvamo would receive the right to 20% of future distributions.
The transaction is expected to close by the end of the first quarter of 2027.
This article may include AI-generated content that is human-reviewed, which is for reference and general information purposes only and does not constitute investment advice.
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