Quebecor World Sells its 51% Participation in Quebecor Merrill Canada Inc. to Partner Merrill Corporation
09 Gennaio 2006 - 9:35PM
PR Newswire (US)
ST. PAUL, Minn., Jan. 9 /PRNewswire/ -- Quebecor World Inc.
(NYSE:IQWNYSE:TSX:NYSE:IQW.SV) and Merrill Corporation ("Merrill"),
announced today that Merrill, through its Canadian subsidiary,
Merrill Corporation Canada, has completed the purchase of the 51%
of the shares of Quebecor Merrill Canada Inc. ("QMC") held by
Quebecor World Inc. After this transaction, which became effective
December 31st, 2005, Merrill owns 100% of the shares of QMC, which
specializes in financial document services with offices in
Montreal, Toronto, Calgary and Vancouver. The terms of the
transaction were not disclosed. This transaction, combined with the
recent sale of its US and Canadian commercial printing entities,
concludes Quebecor World's divestiture of its non-core assets
announced earlier this year. "We look forward to continuing the
success of QMC," said Mr. Rick Atterbury, President & COO of
Merrill Corporation. "In addition to further investing in our
current capabilities, we will also be expanding the services
offered to the legal, financial and corporate community." About
Merrill Corporation Founded in 1968, Merrill Corporation (
http://www.merrillcorp.com/ ) is a leading global provider of
technology-enabled service solutions for the financial, legal, real
estate and other corporate markets. Merrill combines deep industry
expertise with superior service and infrastructure to deliver
world-class document, brand marketing, print, fulfillment, language
and e- business solutions. With more than 4,400 people in 60
locations, Merrill empowers the communications of the world's
leading companies. About Quebecor World Quebecor World Inc.
(NYSE:IQWNYSE:TSX:NYSE:IQW.SV) is one of the largest commercial
printers in the world. It is a market leader in most of its major
product categories which include magazines, inserts and circulars,
books, catalogs, direct mail, directories, digital pre-media,
logistics, mail list technologies and other value added services.
Quebecor World has approximately 32,000 employees working in more
than 140 printing and related facilities in the United States,
Canada, Argentina, Austria, Belgium, Brazil, Chile, Colombia,
Finland, France, India, Mexico, Peru, Spain, Sweden, Switzerland
and the United Kingdom. Web address: http://www.quebecorworld.com/
DATASOURCE: Merrill Corporation CONTACT: Rod Johnson of Merrill
Corporation, +1-651-632-1724, or Ben Saukko of Weber Shandwick
Worldwide, +1-952-346-6167 Web site: http://www.merrillcorp.com/
http://www.quebecorworld.com/
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