GERMANY - Decision on IWKA packaging division expected

The board of the IWKA group is deciding today whether its packaging division will be sold to a financial or a strategic investor. The most promising candidate to acquire the division is Berlin-based financial investor Odewald & Compagnie. The investor had previously acquired the IWKA subsidiary BOA Group in early 2006. As far as strategic investors are concerned, Italian company Coesia has been named as a favourite with the IWKA’s workforce.