Blackstone to acquire 51% stake in Essel Propack

Blackstone agreed to buy a 51% stake in Essel Propack, an Indian laminated tubes and specialty packaging maker, from Ashok Goel Trust for up to $460 million, with a mandatory open offer for a further 26%.

“Blackstone, through PE funds managed by it, will acquire a 51 per cent stake from Ashok Goel Trust at ₹134 per share”thehindubusinessline.com

• 2 sources
• thehindubusinessline.comLifeline: Blackstone to pick 51% stake in Essel Propack - The HinduBusinessLineApr 22, 2019
• timesofindia.indiatimes.comBlackstone to buy Essel PropackApr 22, 2019

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