Brazil’s Abnote Buys Bonnier

American Banknote (Abnote), a Brazilian printer of banking and financial documents, has agreed to pay BRL193.2m for the Brazilian assets of Swedish media company Bonnier. The acquisition will include BRL165m in cash and 1.5 million shares at BRL18.80 each to Interprint shareholders. The transaction includes Bonnier’s Interprint, Tecnoformas Industria Grafica and a 50% stake in Incard do Brasil. Abnote said that it will issue another 1.25m shares to Interprint’s shareholders in the future, depending on the company’s performance. It plans to finance the acquisition by issuing BRL165m in debentures.