Blackstone-backed funds to buy majority stake in India's Essel Propack
04/22/2019
(Reuters) – India’s packaging company Essel Propack Ltd said on Monday that private equity funds backed by Blackstone Group agreed to buy a majority stake in the company.
The consortium of funds will buy a 51 percent stake in Essel from promoter Ashok Goel Trust and the deal value will range from $310 million to $462 million based on the open offer, Essel said.
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Home » Analysis & Comment » Blackstone-backed funds to buy majority stake in India's Essel Propack
Blackstone-backed funds to buy majority stake in India's Essel Propack
(Reuters) – India’s packaging company Essel Propack Ltd said on Monday that private equity funds backed by Blackstone Group agreed to buy a majority stake in the company.
The consortium of funds will buy a 51 percent stake in Essel from promoter Ashok Goel Trust and the deal value will range from $310 million to $462 million based on the open offer, Essel said.
Source: Read Full Article