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QUEBECOR IS CONSIDERING AN INITIAL PUBLIC OFFERING BY ITS SUBSIDIARY QUEBECOR PRINTING

 QUEBECOR IS CONSIDERING AN INITIAL PUBLIC OFFERING
 BY ITS SUBSIDIARY QUEBECOR PRINTING
 MONTREAL, Jan. 17, /PRNewswire/ -- Quebecor Inc. (AMEX: PQB) announced that it has commenced the process toward a proposed initial public offering of equity shares by its subsidiary Quebecor Printing Inc.
 No final decision has been made however and the terms and conditions of the proposed offering have not yet been determined.
 Such an offering would only be made by way of a prospectus and in accordance with applicable securities legislation. A preliminary prospectus could be filed in February 1992.
 The Class A multiple voting shares of Quebecor Inc. are listed on the Montreal Exchange, the Toronto Stock Exchange and the American Stock Exchange. The Class B subordinate voting shares are listed on the Montreal Exchange and the Toronto Stock Exchange.
 Quebecor Inc., a continent wide communications company, is active in the publishing sector with 4 dailies, 50 weeklies, 6 monthlies, 11 magazines and numerous specials as well as books. It is also involved in publications and records distribution and retail. With its 56 printing and specialized plants across Canada and the United States, the company is the second largest commercial printer in North America. Through its subsidiary Mircor Inc., its activities also comprise forest products.
 -0- 1/17/92
 /CONTACT: Franois R. Roy, vice president-finance and treasurer of Quebecor, 514-877-9777/
 (PQB) CO: Quebecor Inc.; Quebecor Printing Inc. ST: Quebec IN: PUB SU: OFR


JT -- NY040 -- 1006 01/17/92 12:57 EST
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Publication:PR Newswire
Date:Jan 17, 1992
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