Germany's MAN sells Roland for 856 mln eur to JV


FRANKFURT, May 19 (Reuters) - German industrial conglomerate MAN AG has sold its majority stake in printing machines division MAN Roland to a joint venture in a deal that values the business at 856 million euros ($1.09 billion), the company said on Friday. The JV, in which Allianz Capital Partners owns 65 percent and MAN itself the remainder, will acquire all operations as well as assume all existing liabilities of MAN Roland. It said completion of the sale still required antitrust ...

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