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EPL and Indovida signed definitive agreements to merge their flexible and rigid PET packaging businesses into a group valued at about USD 2 billion with roughly USD 1 billion in revenue. Indorama Ventures will hold 51.8% and Blackstone 16.6%, pending regulatory and shareholder clearances.
“EPL Ltd and Indovida India Pvt Ltd have signed definitive agreements to merge their flexible and rigid PET packaging businesses”packagingnewsdaily.com
Summarized from public sources; check the original articles before acting on it.