Werner Schneider, the insolvency administrator of Germany's Manroland AG, said Monday a decision on the future of the printing machine maker will be made soon.

Schneider said he has two proposals from bidders, which he will present Wednesday to a creditor council.

It is very likely that Manroland's plants in the German cities of Augsburg, Offenbach and Plauen will survive, the administrator of auditing company Schneider Geiwitz & Partner said.

Manroland, owned by Allianz SE (ALV.XE) and MAN SE (MAN.XE), filed in November for insolvency.

-By Friedrich Geiger, Dow Jones Newswires; +49 69 29725 506; friedrich.geiger@dowjones.com