Pelikan selling German logistics centre for RM399m

KUALA LUMPUR: Pelikan International Corp Bhd (PICB) is selling its German logistics centre in Falkensee for 81mil euros or RM399.33mil which will see it realise a one-off gain of RM184.83mil, confirming a StarBiz story about the stationery maker selling some of its assets overseas.

In a filing with Bursa Malaysia on Thursday, the stationery manufacturer said it was selling the warehouse including an office to HWE Investor GP S.à r.l. which is part of the Hillwood Group headquartered in Dallas, Texas.