Cerberus looking at all of Agfa-Gevaert

According to Belgian media reports, Cerberus is looking to buy the whole of Agfa-Gevaert, as that is generally its strategy.

De Standaard puts the value of the imaging group at €2.6bn (US$3.78bn), which includes €1.16bn share value, €1bn pension commitments and €0.5bn for debt.

Jo Cornu, Agfa’s chief executive, said the group is examining “every scenario one can imagine,” which would include a buy-out of the group. He added that the group has not yet received any serious offers and so is carrying on with the default plan of seeking a demerger.