KUALA LUMPUR: Pelikan International Corp Bhd
hopes to conclude a 45 million euros (RM227mil) cash deal to acquire a 66% stake in another German stationery maker, Herlitz AG, together with the firm’s logistics centre and related assets located near Berlin, by the year-end.
Pelikan president and chief executive Loo Hooi Keat said the proposed acquisition would enable the group to double its revenue for the financial year ending Dec 31, 2010 (FY10).
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