Austria: Paper industry profits from Libro's bankruptcy

Article Abstract:

According to Anton Stahrlinger, director of paper retailing group PBS, which comprises Skribo and Bueroprofil, the paper retailing sector has profited from the bankruptcy of book and paper retail chain Libro. Stahrlinger claimed that sales in the school stationery branch of PBS have increased by 20% in 2001 and in addition to this the collapse of Libro has meant the end of a price war that Stahrlinger described as "senseless". Stahrlinger denied that he has any interest in buying Libro.

Sales & consumption, Stationery products, Stationery, Stationery, Tablet, and Related Product Manufacturing, Paper mills, Writing & Related Papers, Paper (except Newsprint) Mills, Paper industry

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AUSTRIA: INVESTORS WITHDRAW FROM LIBRO

Article Abstract:

Unternehmens Invest (UIAG), Deutsche Beteiligungs AG (DBAG) and Telekom Austria have sold their 50% plus one share stakes in the bankrupt Austrian book and record retailer Libro to a group of buyers led by Werner Bohm for a symbolic EUR 1. Bohm is the head of YLine . The deal is subject to the approval of creditor banks, to which Libro owes Sch 2.3bn. They are said to object to a sale to Bohm.

Deutsche Beteiligungs AG

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Amadeus-Kauf durch Libro fix

Article Abstract:

The German Passauer publishing group has sold the Austrian book store chain Amadeus (Ober sterreichischer Landesverlag) to the country's biggest book distributor Libro. Subject to the approval of the cartel authorities, the entire stock of Amadeus will be taken over by Librodisk AG . *

Comment:

Has sold Austrian book store chain Amadeus to Libro

Asset sales & divestitures, Acquisitions & mergers, Book Stores, Bookstores, Article, Amadeus, Libro (Austria), Euro-Druckservice AG

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