Pelikan's German unit hires BNP Paribas to look at strategic options

Restructuring exercise: The Pelikan group had embarked on an exercise to consolidate its stationery sales and distribution businesses into Pelikan AG.

PETALING JAYA: Pelikan AG, the German-listed unit of stationery manufacturer Pelikan International Corp Bhd (PICB), has appointed investment bank BNP Paribas to look at “strategic options” for the company.

Pelikan AG, which is listed on the Frankfurt Stock Exchange, is 98.66% owned by PICB. Pelikan AG made the announcement through a filing with the Frankfurt Stock Exchange.