Ann: PaperlinX Benelux commences Administration process, page-3

Well said Rocket.

I think the Administration in Europe was an excellent move, particularly because it was voluntary and also because the lower debt from the C$63m will help the situation. You never know, they could come away from this with some extra $$$?

I think if they manage to sell off any profitable businesses in Europe, pay down any remaining debt and sort out any pension provisions remaining, we could certainly see a tidy ANZA business with neat balance sheet.

The problem of the Hybrids remains, but at least the company will be in the clear!