KPS Capital Partners to Acquire MM Packaging for EUR2.4B
KPS Capital Partners agreed to acquire MM Packaging from Mayr-Melnhof at an enterprise value of EUR2.4 billion.
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10:50:50 PM UTC
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Austrian firm Mayr-Melnhof Karton VIE:MMK said on Monday it would sell a 70% stake in its packaging business to US private equity firm KPS Capital Partners in a deal valuing the business at €2.4 billion ($2.69 billion), including debt.The company, also known as MM Group, will focus on its cartonboa…