# Loews to sell 47% stake in Altium Packaging to GIC

Loews Corporation has agreed to sell a 47 percent stake in Altium Packaging to GIC, the Singapore sovereign wealth fund.

- Type: Acquisition
- Announced: 2021-03-12
- Where: United States
- Status: announced
- Products: rigid plastic packaging
- Sectors: [Packaging](https://endata.com/sectors/packaging.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Loews Corporation](https://endata.com/companies/1253.md) (partner)
- [Altium Packaging](https://endata.com/companies/4811.md) (target)
- [GIC](https://endata.com/companies/7738.md) (investor)

## Sources

- [privateequityinternational.com](https://www.privateequityinternational.com/loews-to-sell-stake-in-altium-packaging-to-gic/), 2021-03-12: "Loews Corporation has agreed to sell a 47 percent stake in Altium Packaging to GIC."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.