The Dutch-based investment group Hombergh/De Pundert Group (HHBV) that took over control of Quebecor World's European operations in June has had to shelve its takeover bid of the Netherlands' largest printing company Roto Smeets de Boer (RSDB) because it has been unable to raise the capital required.

According to a statement from RSDB, the company is disappointed but will continue to pursue its consolidation strategy.