UPDATE 1-Ontario Teachers fund to buy Carlyle s majority stake in Logoplaste reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Ontario Teachers Pension Plan Board will buy U.S. private equity firm Carlyle Group s majority stake in Portugal s Logoplaste for an undisclosed sum, the plastic packaging maker said on Friday.. | March 4, 2021
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FILE PHOTO: The logo of the Carlyle Group is displayed at the company s office in Tokyo, Japan October 17, 2018. REUTERS/Issei Kato/File Photo
FRANKFURT (Reuters) - Buyout group Carlyle has shortlisted rival private equity firms BC Partners and Apax in the sale of its majority stake in Portuguese plastic packaging maker Logoplaste worth up to 1.4 billion euros ($1.7 billion), people close to the matter said.
Ontario Teachers’ Pension Plan and Stonepeak Infrastructure Partners also remain in the running and are expected to hand in final offers at the end of the month, they added.
Carlyle, OTPP and Apax declined to comment, while the others were not immediately available for comment.