Quebecor World Merges Euro Business with RSDB

MONTREAL—Quebecor World has sold a majority share of its European operations to RSDB Group in a deal with a total value of $341 million.

Under terms of the transaction, Quebecor World will retain a 29.9 percent interest in the new company, which will be called Roto Smeets Quebecor (RSQ) and be listed on the Euronext Amsterdam stock exchange. In all, Quebecor World will receive $213 million in cash, a $50 million note and 1.4 million shares.