Mavco and Avenue Capital to acquire Hubergroup for $310M

A consortium of Mavco Investments and Avenue Capital Group has signed an agreement to acquire all shares of German specialty chemicals firm Hubergroup from Cornelius Treuhand Holding for $310 million. The transaction is subject to regulatory approvals.

“The consortium will acquire all shares in the company from the current owner, Cornelius Treuhand Holding.”packagingsouthasia.com

• 2 sources
• packagingsouthasia.comMurugappa’s Mavco and Avenue Capital to buy HubergroupPSA DeskNov 19, 2024
• thehindubusinessline.comMurugappa Group set to acquire Hubergroup after regulatory clearance - The HinduBusinessLineBL Chennai BureauDec 28, 2024

Summarized from public sources; check the original articles before acting on it.