After three years of trying, Agfa-Gevaert, the Belgium-based photographic products business, has sold its disposable camera operations for €175.5m ($217m).

German private equity firm Nanno bought 55% of the consumer imaging division. Eddie Rottie, chief executive of the division, led the management buy-out team which acquired 25%. Abrams Capital and Highfields Capital, two US investment firms, bought 10% each.