China in auto power play
It might not shake up the industry just yet, but China's interest in Volvo and Saab is the start of something big in global autos, writes columnist Wei Gu. Commentary
Cerberus eyes AGFA takeover as board meets: report
BRUSSELS, Dec 12 (Reuters ) - U.S. private equity firm Cerberus is considering a takeover of troubled Belgian imaging technology group Agfa-Gevaert (AGFB.BR), a report in Belgian daily De Standaard said on Wednesday, quoting anonymous sources.
The company, which specializes in hospital imaging systems and top-end printers for publishers and newspapers, reiterated last week that it planned to split into three listed companies next year but also said that its board, which is meeting on Wednesday, was open to outside offers.
Agfa had planned to list Agfa Graphics, Agfa Health Care and Agfa Materials this year but has postponed that until mid-2008.
Previous press reports said senior company officials had been approached by potential investors.
Since its listing in 1999, Agfa has undergone a seemingly endless restructuring to cut costs and switch its products to digital from analogue technology.
(Reporting by Julien Ponthus; Editing by Quentin Bryar)
