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  The world's biggest maker of printing presses looking for new investors.

>> Friday, May 22, 2009

Chief Executive Bernhard Schreier told a newspaper that the world's biggest maker of printing presses, Heidelberger Druck, which got German state aid this week, is now looking for new investors, he was quoted as saying by the Frankfurter Allgemeine Zeitung that "We are not excluding any option per se -- private equity, family offices or sovereign wealth funds," Family offices are in-house investment vehicles for wealthy families.

He also said that the main thing was finding investors who had a long-term commitment and would not try to make a profit on the investment in the next year or two. Schreier refused to comment on the topic of state aid his company had won.

It was looking for 400 million Euros ($551.4 million) in debt guarantees and a loan of around 300 million Euros media reports have said. Its shares climbed 0.3 % to 6.13 Euros by 0823 GMT, covering a 1% gain by the German mid-cap index.

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