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The European Commission approved the combination of EPL and Indovida India, a $2 billion packaging deal in which Indorama Ventures will hold a 51.8 per cent stake in the combined business. The commission found no competition concerns under its simplified review.
The Competition Commission of India approved the merger of Indovida India with and into EPL Limited, a packaging company, as reported on May 26, 2026.
Indorama Ventures agreed to merge its Indian packaging unit Indovida India with EPL, a Blackstone-backed company, in a deal reported at about $2 billion. The merger follows Indorama's earlier purchase of a 24.9% EPL stake from Blackstone.
Indorama Ventures' board approved merging its Indovida India packaging unit into listed EPL Limited, with Indorama expected to hold about 51.8% of EPL after completion. The total transaction value is about INR 62,558 million, and completion is expected within 12 months.
Indian packaging company EPL agreed to merge with Indovida, the rigid packaging venture of Indorama Ventures, in a share-swap deal valuing the combined business at about $2 billion. Indorama will hold 51.8% of the combined company and Blackstone about 16.6%.
