Blackstone to acquire India's Essel Propack
The Blackstone Group has agreed to acquire a majority stake in Indian packaging company Essel Propack (EPL) in a deal that could see the private equity firm pay as much as INR32.1 billion ($461 million).
According to a regulatory filing, Blackstone will initially pay INR21.6 billion for a 51% stake in EPL from its chairman and managing director Ashok Goel, for INR134 per share, a slight premium to the...
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