OptiGroup and Inapa have signed an agreement to combine their paper distribution businesses in Germany
OptiGroup and Inapa – Investimentos, Participações e Gestão, S.A. (“Inapa”) today announce that they have signed an agreement to combine their respective paper distribution operations in Germany, Papyrus Deutschland GmbH & Co KG and Papier Union GmbH, and thereby create a stronger and more stable and successful platform for customers, suppliers and employees in future. As part of the transaction, OptiGroup has signed a binding agreement, subject only to competition clearance by the German Federal Cartel Office (Bundeskartellamt), to sell its German paper distribution business, Papyrus