Decision On Future Of Manroland To Be Made Soon -Administrator
January 16 2012 - 5:59AM
Dow Jones News
Werner Schneider, the insolvency administrator of Germany's
Manroland AG, said Monday a decision on the future of the printing
machine maker will be made soon.
Schneider said he has two proposals from bidders, which he will
present Wednesday to a creditor council.
It is very likely that Manroland's plants in the German cities
of Augsburg, Offenbach and Plauen will survive, the administrator
of auditing company Schneider Geiwitz & Partner said.
Manroland, owned by Allianz SE (ALV.XE) and MAN SE (MAN.XE),
filed in November for insolvency.
-By Friedrich Geiger, Dow Jones Newswires; +49 69 29725 506;
friedrich.geiger@dowjones.com