PaperlinX Netherlands Holding BV, a European subsidiary of PaperlinX Limited, has entered into an agreement to sell its operations in Poland to a consortium of a local private equity firm, Warsaw Equity Management sp z.o.o. and the local management team, with immediate effect.
ByLesprom Network
May 18, 2015. /Lesprom Network/. PaperlinX Netherlands Holding BV, a European
subsidiary of PaperlinX Limited, has entered into an agreement to sell its
operations in Poland to a consortium of
a local private equity firm, Warsaw Equity Management sp z.o.o. and the local
management team, with immediate effect, as the company said in the press
release received by Lesprom Network.
Commenting on the sale, PaperlinX Managing Director and CEO, Andy Preece
said: “After an intensive sale process, we are pleased to announce the
successful sale of this business to the management and their financial
sponsors.”
PaperlinX previously announced that it will not receive any direct
benefits from the proceeds of the sale.
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