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The European Commission authorised the combination of Spanish packaging groups Caiba and Nosoplas under shared control of Portobello Capital Fondo IV, Cobega and Sonab, finding no competition concerns. The combined company covers PET preforms, containers and recycled PET resin.
The European Commission approved, under its simplified procedure, the combination of Portobello Capital's Caiba and Cobega's Nosoplas plastics businesses into a single PET packaging company.
Portobello Capital agreed to acquire Caiba, a Valencian maker of PET plastic containers, from Nazca Capital for over €110 million. The deal is pending competition authority approval.
