Jan 30, 2007. /Lesprom Network/. PaperlinX has announced on January 30 that it is in negotiations with international paper merchant, Antalis, to pursue possible transactions that will allow both companies to better focus their European business portfolios. In two transactions, PaperlinX will purchase Antalis Italian paper merchanting business, Antalis S.p.A, while Antalis will purchase PaperlinX paper merchanting business, Axelium, in France. Commenting on this announcement, managing director of PaperlinX, Tom Park said, “These transactions will strengthen our position in Italy, improving our inmarket scale, while also allowing us to exit France where we have not enjoyed sufficient scale to compete at the level we would like.” “PaperlinX is following one of its core operating principles of “strengthening and building off of our existing business platforms”. These transactions will allow both companies to focus on areas where they have greater competitive advantage. The decision to sell our business in France has not been an easy one given the dedication of our employees in that country and their efforts made to turn this business around.” The final purchase and selling prices have yet to be agreed and are subject to closing adjustments. These transactions are also subject to various approvals, including competition authorities, works councils, and final board approvals of both companies. It is expected that these transactions will conclude, should all conditions be met, within three to four months, with both businesses operating as usual during this period. PaperlinX is the world's leading fine paper merchant and Australia's principal manufacturer of quality communication and packaging paper.