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Heidelberg and Manroland will decide if they are to go ahead with formal merger discussions by mid-October, latest media reports have suggested.
According to comments made in a Reuters report, the talks between the two press manufacturers are being driven by Allianz Capital Partners, which holds a 65% stake in Manroland and a 12% stake in Heidelberg.
German financial newsletter The Platow Brief said the deal could move forward in the next fortnight, however, previous reports have stated that the merger could only go ahead if both manufacturers sold assets in order to secure backing from European Union authorities.
It was previously claimed that the merger would require both press manufacturers to shed some assets where businesses overlap and, by doing so, this would help gain much-needed backing from the anti-trust authorities.
Heidelberg and Manroland declined to comment
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