Burgo Group S.p.A. produces and distributes coated and uncoated papers worldwide. The company offers coated mechanical papers for circulation magazines, catalogues, inserts, supplements, and promotional materials; coated wood free papers for magazines, brochures, company financial statements, photography books, and quality commercial printed matter; uncoated papers for books, exercise books, diaries, advertising materials, dictionaries, and office papers; digital papers for photo books, invitation cards, calendars, packaging, publishing, brochures, posters, direct mail, and POS materials; and newsprint papers for newspapers, newspaper inserts and supplements, and free press. It also provides...
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Four Bidders Reportedly Interested In Burgo
Aug 22 14
At least four bidders are interested in Burgo Group S.p.A. or some of its assets, MF-Milano Finanza reported without citing sources. Lecta S.A., Favini Spa, UPM-Kymmene Oyj (HLSE:UPM1V) and Heinzel Holding GmbH have expressed interest in Burgo, MF said. The paper also added that the bidders are proposing various ways of integration or asset acquisitions. Burgo is undergoing a restructuring process and is negotiating with creditor banks how to tackle its debt of more than €1 billion. As part of the restructuring, Burgo's advisers have sounded out possible buyers of assets or of the entire group, it said. Lecta is said to be interested in a merger whereas Favini would possibly look for a merger only after it lists its shares on the market. UPM, on the other hand, is said to be seeking an investor for an investment vehicle in which it will transfer the paper-making businesses of the two companies. Heizel is only interested in Burgo's paper mill in Ardennes in Belgium and in the group's distribution unit Burgo Distribuzione, MF said.