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Scitex reviews options for SDP

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Scitex is reviewing options for Scitex Digital Printing, including the sale of the high-speed ink-jet division that provides the bulk of its profits and revenues.

The firm has appointed Goldman Sachs as advisers. The move follows renewed speculation in the Israeli business press that it was discussing a possible sale. Rumours first surfaced in July (PrintWeek, 17 July).

This round of rumours, in Israeli journal themarker.com, said Xerox and Oc were potential suitors and that a deal would value SDP at 155m ($260m).

Another Israeli publication, Globes, reported Scitex president and chief executive Nachum Shamir as saying: We think that SDP has latent value within Scitex that has not yet been fully expressed Were in no hurry to do anything before we check it out.