Paperpack

Faller Packaging has agreed to buy Paperpack, a Greek provider of pharmaceutical packaging, expanding its presence in South-Eastern Europe. Financial terms are undisclosed and the deal is subject to regulatory approvals.

Paperpack's main shareholder and his family agreed to sell their shares, with fifteen other shareholders, to Orlando-Equity Holding Limited at EUR 6.66 per share. The buyer will reach 90.02% and then make a mandatory tender offer, with completion expected by end of December 2020.