Sylvamo Corporation’s European paper business could be acquired by Midas Atlantic Partners and The Najafi Companies under a put option agreement announced Friday on Business Wire. The potential acquisition covers Sylvamo’s uncoated freesheet paper mills in Saillat and Nymölla, along with its forestry and supporting business operations across Europe. Midas Atlantic said it signed the agreement in partnership with The Najafi Companies. The release described the deal as a put option, meaning it relates to a potential acquisition rather than a completed sale. Closing is expected in the first quarter of 2027, the companies said. The announcement did not disclose a purchase price or name a lead investor. Sylvamo produces uncoated freesheet paper at the two mills. No other financial terms were given. The release, issued from Brussels, carried Sylvamo’s ticker, SLVM, and the tag #carveout.
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Nina Castell covers startups, funding rounds and acquisitions for Venturist. She writes from company announcements, filings and published reporting.