Quebecor Sells Check, Credit Card Divisions
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"MDC gains first-class check and card facilities that strengthen their market position and production efficiency throughout North America," Cavell adds.
Quebecor Printing's checks and credit card businesses make up less than 1 percent of its annual revenue, while approximately 55 percent of MDC Communications' annual sales are in checks and credit cards. Funds generated by these divestitures will be used to pay down debt.
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