After completing the previously reported sale of its snowboard subsidiary, Mervin Manufacturing, for $58 million, Quiksilver has used a portion of the proceeds to acquire the minority interests in its high-growth operations in Brazil and Mexico. It has also arranged a three-year, €60 million European credit facility with Eurofactor. The next step will be the divestiture of its other remaining non-core operations: Surfdome Shop, Hawk Designs, the Moskowa brand and a license with Maui & Sons.

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