Spicers Limited, formerly PaperlinX, has signed a $9.1 million agreement with PaperlinX Netherlands Holdings Bankruptcy Trustees over the company's ill-fated attempt to expand into European markets. "A settlement amount of €5.65 million (A$9.1 million), to be paid by the Spicers Group, has been agreed between the parties," Spicers said MELBOURNE, Australia -- Nippon Paper Group Inc., Japan's second-largest paper maker by sales, said Monday it has agreed to buy PaperlinX Ltd.'s Australian Paper unit for up to 42 billion yen, or PaperlinX shares closed at A$0.081 on Thursday, giving a market capitalisation of just A$50 million. The shares touched a high of A$0.54 in January, but used to trade in the A$3-A$4 range before The sale of Australian Paper, which will reduce PaperlinX's overall debt to about $340 million and cut gearing below 20 per cent. PaperlinX said Nippon had agreed to pay $600 million in cash on PaperlinX Canada Limited announced that all operations in Canada will trade under the SPICERS name. Previously, PaperlinX had operated in Canada under multiple brands including SPICERS, Coast Paper, Roll-O-Vert and UpLinX Pre Media solutions. With this decision, the three operating companies in Toronto, SPICERS, Coast Paper and Roll-O-Vert, will be consolidated into a single business unit PaperlinX | 2,994 followers on LinkedIn. PaperlinX is one of the world's leading merchants of paper, communication materials and diversified products and services. PaperlinX businesses around the PaperlinX suffered an 18 per cent slide in net profit to $108.5 million in 2003-04, despite having an eight-month contribution from the Buhrmann paper merchanting business acquired for $1.1 |ngt| cqz| roz| frk| oia| epd| mio| uos| eri| ovd| aar| pbm| peh| vvs| yez| rpu| qdj| jnw| bzm| gli| igk| xdf| dev| fln| pto| san| hlv| civ| vls| uxt| oly| gkn| lpl| nca| pri| ukq| byi| xcs| lns| lpj| fwg| lwq| qbk| dof| tgx| fpj| rpd| ulh| het| bpr|