Manufacturing Industry
SEQUANA BUYS MAP MERCHANT FROM M-REAL
PPI, Aug 2007
EUROPE
M-real has signed a definitive agreement to sell its Map Merchant Group to Antalis, a wholly-owned subsidiary of Sequana Capital, for a total enterprise value of Euro 382 million ($526 million). M-real will book an estimated gain of approximately Euro 80 million from the sale.
As part of the purchase agreement, Antalis will sell M-real's products through its expanded sales network. The takeover is subject to regulatory approvals; it is expected to be finalized during the third quarter.
Copyright Paperloop, Inc. Aug 2007
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