Mergers & Acquisitions ·
Sylvamo enters put option agreement to sell Europe business for 20% of future distributions
SLVMSylvamo Corp
Sylvamo Corporation entered into a binding put option agreement with Midas Atlantic Partners, in partnership with The Najafi Companies, to acquire its Europe business. The transaction involves the transfer of uncoated freesheet paper mills in France and Sweden, along with forestry operations, in exchange for 20% of future distributions from the divested entity. Sylvamo must complete consultation processes with European works councils before finalizing a definitive share purchase agreement. Closing is expected by the end of the first quarter of 2027. The company operates as a global paper manufacturer transforming renewable resources into papers for education, communication, and entertainment.