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Quebecor World Sells its 51% Participation in Quebecor Merrill Canada Inc. to Partner Merrill Corporation

Tuesday, January 10, 2006

Press release from the issuing company

MONTREAL--Jan. 9, 2006-- Quebecor World Inc. and Merrill Corporation ("Merrill"), announced today that Merrill, through its Canadian subsidiary, Merrill Corporation Canada, has completed the purchase of the 51% of the shares of Quebecor Merrill Canada Inc ("QMC") held by Quebecor World Inc. After this transaction, which became effective December 31st, 2005, Merrill owns 100% of the shares of QMC, which specializes in financial document services with offices in Montreal, Toronto, Calgary and Vancouver. The terms of the transaction were not disclosed. This transaction, combined with the recent sale of its US and Canadian commercial printing entities, concludes Quebecor World's divestiture of its non-core assets announced in 2005. "We look forward to continuing the success of QMC," said Mr. Rick Atterbury, President & COO of Merrill Corporation. "In addition to further investing in our current capabilities, we will also be expanding the services offered to the legal, financial and corporate community."

 

 

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