PaperlinX Limited (ASX:PPX) has received an incomplete, conditional and non-binding proposal from an unnamed private equity firm to acquire its business.
The Australian paper manufacturer says it’s assessing the proposal, as well as a number of others it has received.
PaperlinX has also announced it expects to report a loss for the 2012 financial year of around $26 million because of deteriorating trading conditions, especially in Europe.
PaperlinX reported a net loss of $108 million for the year to June 30, 2011.
