Oct 20 (Reuters) - Paperlinx Ltd PPX.AX :
* German paper merchanting operation and its immediate parent entity commenced administration processes
* German court approved applications made by the local director of these entities for them to enter into `debtor in possession' insolvency proceedings
* Says paper merchanting operation in Germany has been trading unprofitably
* "Events in Germany will have no impact on the trading operations of paperlinx's businesses in Australia, New Zealand and Asia"
* Source text for Eikon ID:nASXc3DBf3
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