UPDATE 1-Germany's MAN sells Roland for 856 mln eur to JV

Newswire

(Adds background, details, results, share price) By Christiaan Hetzner FRANKFURT, May 19 (Reuters) - German industrial conglomerate MAN AG has sold printing machines division MAN Roland to a joint venture, of which it owns 35 percent, in a deal that values Roland at 856 million euros ($1.09 billion), the company said on Friday. The JV, in which Allianz Capital Partners owns 65 percent and MAN the remainder, will acquire all operations as well as assume all existing liabilities of MAN ...

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