Ordina’s CEO Ronald Kasteel told news agency Reuters that it was not it talks with the company, but was looking at acquisitions.
The denial did not stop Getronics’ share price gaining nearly 6% on the day.
Getronics had a disastrous 2006. It broke its banking covenants following an accounting scandal at its Italian operation in March, and subsequent poor financial results in August caused a 40% drop in its share price and a credit rating downgrade, and forced it to make a number of divestments and job cuts. Investment analysts believe it may be acquired this year, though it is thought that it is more likely that the buyer will come from private equity rather than its competitors.
