Friday, July 27, 2012

Paperlinx Selling Operations in Europe, South Africa, CEO Resigns

Paperlinx to sell operations in Europe and South Africa, CEO to step down
PaperlinX announced recently announced that it has entered into the following agreements:
- to sell its operations in Slovakia, Hungary, Slovenia, Croatia and Serbia to the Heinzel Group for EUR 19.6 million.
- to sell its loss-making operations in South Africa to local management.