Pelikan could be up for sale

Pelikan AG, the German-listed unit of stationery manufacturer Pelikan International Corp Bhd (PICB), has appointed investment bank BNP Paribas to look at “strategic options” for the company, according to the Malaysian Star.

The Star reports that Pelikan AG has made a filing with the Frankfurt Stock Exchange with a “a teaser document issued by BNP Paribas to potential bidders for Pelikan AG.”

According to sources, the entire company could be sold “at the right price”. PICB currently owns 98,66% of Pelikan AG.

Source: www.office-times.com

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