Report: manroland sheetfed biz might have buyer

A German printing trade publication is reporting that Shanghai Electric Group Co. Ltd. might be interested in acquiring manroland’s sheetfed business.
The magazine, Deutscher Drucker, said that SEG and Allianz Capital Partners, which owns a majority of manroland, are attempting to iron out details.
German consulting group Zicon Consulting said any deal between SEG and Allianz could pave the way for a merger between Heidelberg and manroland (see Dateline, July 27, 2009). According to Zicon, the disposal of manroland’s sheetfed business was viewed as a sticking point.
SEG’s Shanghai Electric Co. already builds presses through agreements it has with Goss International and a Japanese firm, Akiyama.