Inapa - Investimentos, Participações e Gestão, SA (ENXTLS:INA) signed a letter of intent to acquire Papeteries de France S.A.S. from Papyrus AB on September 19, 2016. Papeteries de France S.A.S. had a turnover of €156.5 million in 2015. The transaction is subject to customary regulatory approvals, including French Competition Authority who will be conducting an early marketing test in the short term. Inapa - Investimentos, Participações e Gestão, SA (ENXTLS:INA) completed the acquisition of Papeteries de France S.A.S. from Papyrus AB on December 20, 2016.