Montréal, Quebec, Canada, 19 June 2008 – Quebecor World Inc. (TSX: IQW) has received final court approval to proceed with the sale of its European operations to Hombergh/De Pundert Group (HHBV), a Netherlands based investment group. "We are pleased to have identified an owner with a pan-European printing focus that will work with our European customers, employees, and suppliers to expand the platform we created in Europe," commented Jacques Mallette, president and CEO, Quebecor World Inc.
As previously announced, under the terms of the agreement, the sale is being made substantially on an “as is, where is” basis. The only condition to closing was court approval. The transaction is not subject to the approval of either Quebecor World’s or HHBV’s shareholders. The transaction is expected to close by the end of June 2008.
About Quebecor World
Quebecor World Inc. (TSX: IQW) is a world leader in providing high-value, complete marketing and advertising solutions to leading retailers, catalogers, branded-goods companies, and other businesses with marketing and advertising activities, as well as complete, full-service print solutions for publishers. The company is a market leader in most of its major product categories, which include advertising inserts and circulars, catalogs, direct mail products, magazines, books, directories, digital premedia, logistics, mail list technologies, and other value-added services. Quebecor World has approximately 28,000 employees working in more than 115 printing and related facilities in the United States, Canada, Argentina, Austria, Belgium, Brazil, Chile, Colombia, Finland, France, India, Mexico, Peru, Spain, Sweden, and Switzerland.
Web address: www.quebecorworld.com