Brazil's CADE approves Tredegar's sale of Terphane to Oben Group

Brazil's competition authority CADE approved a merger control agreement allowing Tredegar to sell its Brazilian flexible packaging business Terphane to Oben Group. Closing is planned for November 1, 2024, for a base consideration of $116 million.

“On September 1, 2023, Tredegar entered into an agreement to sell Terphane to Oben for net cash-free and debt-free base consideration of $116 million.”business.sherbrookerecord.com

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• business.sherbrookerecord.comContact Us - Sherbrooke Record - Competition Authority in Brazil Approves the Sale of Tredegar’s Terphane Business Unit to Oben Group; Transaction Expected to Close on November 1May 25, 2018

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