Xeikon takeover at "advanced stage"

Punch International, the majority shareholder of Xeikon, has confirmed that it is in “advanced stage” talks regarding the sale of the dry toner digital print specialist.

The potential sale of Punch International’s share in Xeikon was first mooted at the turn of the year, with the potential suitor as-yet unnamed.

Punch International holds 65.68 percent of the shares in Xeikon, and said the party interested in acquiring its stake in Xeikon has offered €5.85 per share.

Talks are at an advanced stage and could be completed in the short term, Punch International added, but there is currently no security on all terms and conditions.

Xeikon said that if the acquisition of Punch International’s share interest is confirmed, the buyer will be obliged to make a mandatory offer for all remaining Xeikon shares.

Xeikon has featured in the package printing feature areas of Labelexpo Europe 2011 (as pictured, top), and at Labelexpo Americas 2012. It will feature again at Labelexpo Europe 2013, alongside Nuova Gidue (see the next issue of Packprint World for a preview of package printing at Labelexpo Europe 2013).

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