Jan 09, 2013. /Lesprom Network/. Inapa's subsidiary Papier Union has sold 60% of the share capital in the company PMF - Print Media Factoring GmbH, as the company said in a press release received by Lesprom Network. The main activity of PMF - Print Media Factoring GmbH is to grant credit to German graphic companies, through factoring products. The 2012 company results will be kept on Inapa - Investimentos, Participações e Gestão, SA consolidation perimeter. Until September 2012, the company has contributed with Euro 483,000 to the Group net income and had Euro 5.2 million of net debt. The sale will have a positive impact of Euro 1.6 million on 2012 consolidated accounts and will allow a reduction on the consolidated net debt. This transaction is part of the 2010 Inapa strategic plan, completing the concentration process of Inapa on its strategic markets and in the development of the new business, namely packaging and visual communication. Inapa focuses its activities in the paper merchant business in five key markets, Germany, France, Switzerland, Portugal and Spain, and is a leader in the distribution of office paper segment in the Belgian and Luxembourg market.