Manroland administrator reports investor interest

Schneider told the Financial Times Deutschland that it may be easier to dismantle the company and sell it in parts and that talks with potential investors will begin within the next two weeks.

According to the newspaper report, the administrator wants to have new investors in place by the time the formal insolvency proceedings for the German printing press manufacturer begin on 1 February 2012.

Manroland filed for insolvency last Friday (25 November) after talks with an investor – later revealed to have been Swiss private equity firm Capvis – "failed on the home stretch".

In an official statement, Manroland said that there had been a "dramatic downturn" in incoming orders since mid-July.

Turnover at the manufacturer has more than halved from nearly €2.1bn ($2.8bn) in 2006 – the year Allianz Capital Partners acquired a 65% stake in the company – to just €942m in its most recent results.

Incoming orders have also declined dramatically over the past five years, falling from €1.9bn at 31 December 2006 to €976m at 31 December 2010.

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