Announced
Financials
Sources
Tags
Cross Border
Friendly
Majority
Private
Private Equity
Pending
Acquisition
Austria
Containers and Packaging
packaging services
Synopsis
Private equity firms Apollo Global Management and Schur creditors, agreed to acquire an 80% stake in Schur Flexibles, a packaging manufacturer from B&C Group, a long-term investment company. Financial terms were not disclosed. The exit comes after B&C discovered massive irregularities in the balance sheets of previous years and gross misconduct by former managers at Schur Flexibles.
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