Sylvamo Enters Put Option Agreement for Sale of European Business

05:47 AM EST, 11/06/2026 (MT Newswires) -- Sylvamo (SLVM) entered into a put option agreement with Midas Atlantic Partners, in partnership with Najafi Cos., for a binding offer concerning the sale of its Europe business, Sylvamo said Friday. The business includes uncoated freesheet paper mills in France and Sweden, as well as its forestry and supporting business operations. Following the completion of various consultation processes, the parties expect to sign a definitive agreement to transfer the business to Midas Atlantic, with an agreed level of working capital and cash in exchange for the right to receive 20% of future distributions. The deal is expected to close by the end of Q1, Sylvamo said.