Heidelberg in merger talks with manroland, according to reports

At the time of writing, Heidelberg's shares were valued at €4.87, equal to a market value of €380 million ($A652m).

News of the talks stem from an announcement in the Platow Brief, a German financial newsletter.

The newsletter reports that German insurance company Allianz, which has a 65 per cent stake in manroland and a 12 per cent stake in Heidelberg, is keen on the merger.

Last week, Heidelberg revealed incoming orders had dropped 20 per cent to €2.91 billion ($A5.06bn), with chief executive Bernhard Schreier telling shareholders at its AGM that the past financial year had been "without doubt one of the worst in the more than 150-year history of Heidelberg – if not the worst".


Read the original article at www.printweek.com.

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