Punch International may sell Xeikon shares

Punch International, the Belgium-based industrial holding company that holds 65.68% of the shares in digital press manufacturer Xeikon, has announced that it is involved in discussions with a party to sell its stake in Xeikon at a price per share of EUR 5.85.

In response, Xeikon has taken cognizance of Punch International’s announcement, and observes that if acquisition of the share interest is consummated, the buyer of such share interest will be obliged to make a mandatory offer for all remaining Xeikon shares.

Punch International initially took over a bankrupt Xeikon in 2002.