Wendel sells Constantia Flaxibles to One Rock Capital Partners
31/07/2023 07:16
July 31 (Reuters) - Wendel WMDP.PA announced on Monday
it has signed an agreement to sell Constantia Flexibles to an
affiliate of One Rock Capital Partners.
The deal will bring in 84 million euros ($92.49 million)
more than the value of Constantia Flexibles as stated in
Wendel's net asset value before the announcement, Wendel said in
a statement.
The transaction is expected to be completed in the second
half of 2023.
Constantia Flexibles manufactures flexible packaging for
customers in the consumer and pharmaceutical industries.
($1 = 0.9082 euros)
(Reporting by Dina Kartit; editing by Jason Neely)
((Dina.Kartit@thomsonreuters.com;))