Packaging maker SIG Combibloc attracts bids from buyout groups - sources
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New Zealand's packaging firm Reynolds has selected several private equity groups but no peers to participate in the second round of bidding for its Swiss subsidiary SIG Combibloc, several people familiar with the deal told Reuters.
Reynolds, backed by New Zealand's richest man, Graeme Hart, is exploring a sale of the world's second-largest maker of drink cartons as it tries to trim debt it has accumulated through leveraged buyouts. It has mandated Goldman Sachs to organise the sale.
Source: www.reuters.com
