Brief: Inapa Says JPP Presents New Binding Proposal To Buy Inapa France

Japan Pulp and Paper Co.,

25/09/2024 08:18

Sept 25 (Reuters) - Inapa Investimentos Participacoes e
Gestao SA  INA.LS :
    * JAPAN PULP AND PAPER (JPP) PRESENTED ON SEPT 24 NEW
BINDING
PROPOSAL FOR ACQUISITION BY COMPANY OF JPP GROUP FROM INAPA IPG
OF SHARES REPRESENTING 100% OF SHARE CAPITAL OF FRENCH CO INAPA
FRANCE
    * JAPAN PULP AND PAPER PRESENTED INDIRECTLY PROPOSAL FOR
ACQUISITION OF 100% OF JJ LOOS (IN EVENT ACQUISITION PERIMETER
IS INSUFFICIENT TO QUALIFY FOR NEXT STAGE OF POTENTIAL
TRANSACTION)
    * FINANCIAL PROPOSAL INCLUDES PAYMENT OF FIXED PRICE FOR
ACQUISITION OF INAPA FRANCE AND JJ LOOS FOR 25 MILLION EUROS,
BASED ON ENTERPRISE VALUE OF 73.1 MILLION EUROS
    * INSOLVENCY ADMINISTRATOR PROPOSES THAT PERIOD OF 30 DAYS
WILL BE
GRANTED FOR EXCLUSIVE NEGOTIATION WITH JPP

Source text: https://tinyurl.com/ycxj2rfe
Further company coverage:  INA.LS 

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