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Valpak pulls out of the Environment Exchange

By Greg PitcherEnvironment Exchange managing director Angus Macpherson has admitted Valpaks decision to sell its 40% stake in the trading site is a blow.But he insisted the packaging waste compliance schemes withdrawal presented an opportunity to restructure and hinted at a potential share buyer.Valpak last week sold back to Macpherson the shares it had owned in the online Packaging Recovery Note (PRN) trading floor since July 2003.Steve ...