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Rumour of German Press Merger Resurfaces

August 23, 2009
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The rumour concerning a possible merger between Heidelberg and manroland arose again after a report from Manager Magazin, a German publication, says the two companies have appointed Merrill Lynch and Deutsche Bank respectively to advise on the potential merger.

According to the report, the resulting merger would cause an overcapacity for the new company. The magazine suggests it may result in manroland selling, if not closing, its Offenbach operations and cutting the 2,500 people employed there.

Click here to read a translation of the Manager Magazin article.

U.K. publication PrintWeek also found discovered that German print magazine Deutscher Drucker is claiming manroland shareholder Allianz is in discussions with Chinese manufacturer Shanghai Electric on possibly selling parts of manroland's sheetfed business.

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