EQT exits China packaging business to OTPP
EQT has confirmed the sale of its co-control stake in China-headquartered packaging manufacturing company GPA Global to Ontario Teachers’ Pension Plan Board (OTPP) for an undisclosed sum.
The deal is said to value the company at around USD 700m to USD 800m. EQT acquired a 37% stake in 2017 via its USD 800m Mid-Market Asia III fund, which makes deployments in a range of EUR 40-100m (USD...
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