Quebecor World Sells European Operations

MONTREAL—The deal that might have prevented Quebecor World from entering bankruptcy protection appears to be finally consummated.

The financially troubled printer has signed a definitive purchase agreement for the sale of its European operations to Hombergh/De Pundert Group (HHBV), a Netherlands-based investment group. The transaction is valued at approximately 133 million euros (about US$206.5 million) and is expected to close by the end of June.