Sells Check

MONTREAL—Quebecor Printing plans to divest itself of its check and credit card businesses to Toronto-based MDC Communications. The deal, valued at approximately C$70 million, includes the sale of Quebecor Printing's Custom Cheques of Canada division, its U.S. check division, Custom Direct and BA Custom Cards. The transaction is subject to compliance with regulatory requirements. MDC will pay Quebecor Printing C$55 million in cash and the balance in MDC shares. Charles Cavell, president and CEO of Quebecor Printing, notes, "The sale of our check and card divisions will allow us to keep a more concentrated, strategic focus on our core printing businesses and on how