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Indorama to pick up 24.9% stake in EPL for $220 mn
February 25, 2025
|Mint Kolkata
Blackstone had acquired 75% of EPL in 2019 from erstwhile promoter Essel Group and public shareholders
(IVE) will acquire a minority stake of about 24.9% in EPL Ltd, a global specialty packaging company and manufacturer of laminated tubes, from private equity firm Blackstone for $220 million.
The sale, which is expected to be completed in the coming months, is pegged at ₹240 a share and is subject to customary closing conditions and approvals.
Once the transaction is completed, Indorama will be entitled to appoint a nominee director to the board of EPL, it said in a statement.
هذه القصة من طبعة February 25, 2025 من Mint Kolkata.
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