Agfa Declines Buy Offer for Consumer Imaging: Agfa Name, Logo Among Issues
Tuesday, June 12, 2001
Mortsel, June 11, 2001 - The Agfa-Gevaert Group announced today that the negotiations with private equity specialist Schroder Ventures on a possible sale of its business group Consumer Imaging have ended. After thorough negotiations with Schroder Ventures, which made an unsolicited offer earlier this year on the Agfa photo business, it became obvious that both parties' points of view were too far apart to reach an agreement. An important point of discussion was the transfer of the Agfa brand name and logo. With regard to the future of the Business Group Consumer Imaging, Ludo Verhoeven explains: "The profitability of all Agfa-activities, and therefore also Consumer Imaging, has improved significantly over the past few years as a result of the restructuring measures that were taken. Agfa will continue this process in a coherent way."