*NEWS*PELIKAN BUYS STAKE IN GER. HARDCOPY

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*NEWS*PELIKAN BUYS STAKE IN GER. HARDCOPY

 user 2007-04-03 at 10:34:00 am Views: 55
  • #17719

    Pelikan buys stake in German Hardcopy
    April 
    2007 PELIKAN International Corp Bhd has entered into an agreement to
    buy 90 per cent of German Hardcopy AG for 6 million euros (RM27.6
    million)
    .
    German Hardcopy will hold the remaining 10
    per cent of its share capital.The purchase will be financed by
    borrowings and internally generated funds. Payment will be made in
    three tranches and is expected to be completed by the second quarter of
    2007.It is expected to immediately increase Pelikan International’s
    revenue by another RM110 million per year.Incorporated in Germany in
    2000, German Hardcopy manufactures and distributes hardcopy-related
    products such as inkjet, toner, thermal transfer, office media and
    impact cartridges in Germany and international markets under the Geha,
    Emtec, Boeder and I-change trademarks.