MM Group to Sell Majority Stake in Packaging Business to KPS at €2.4 Billion Enterprise Value
MM Group said it will sell a majority stake in its packaging business to KPS Capital Partners at an enterprise value of €2.4 billion.
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09:16:47 PM UTC
SquawkNews
Austrian packaging producer Mayr-Melnhof Karton VIE:MMK said on Monday it would sell a 70% stake in its packaging business to private equity firm KPS Capital Partners in a deal valuing the unit at €2.4 billion ($2.69 billion), including debt.($1 = 0.8926 euros)