July 15 (Reuters) - Guerbet SA GRBT.PA :
* TODAY ANNOUNCED SALE OF ITS PHARMACEUTICAL SITE IN MONTREAL (CANADA) TO MEDXL
* GUERBET SELLS THIS SITE AS PART OF ITS PLANS TO OPTIMIZE ITS INDUSTRIAL NETWORK
* MONTREAL SITE WILL CONTINUE MANUFACTURING CONTRAST MEDIA FOR GUERBET'S X-RAY RANGE FOR AT LEAST TWO YEARS
* MEDXL WILL BECOME THE OWNER OF THE SITE FROM JULY 16 AND THE MONTREAL MANAGEMENT TEAM WILL REPORT TO PAUL PARISIEN, CEO OF MEDXL