CVC to offload AR Packaging?

CVC to offload AR Packaging?

THE WHAT? CVC is said to be mulling the sale of AR Packaging Holdings, according to a report published by Bloomberg quoting sources ‘close to the matter’.

THE DETAILS The potential deal could value the Swedish packaging firm at €1.3 billion, making the sale one of the largest global packaging deals this year, and the buyout firm is said to have received non-binding offers, per Bloomberg.

THE WHY? CVC has been exploring the possibility of a sale for some years, Bloomberg asserts, but with demand growing as a result of pandemic-led trends, for example for takeaway food, the time could be right, although there is no guarantee that negotiations will lead to a sale, the news outlet points out.

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