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FINANCIAL NEWS
Bahrain-based investcorp plans USD1.43b deal to sell US-firm
26 Aug 2014
Q(MENAFN) A US-based firm decided to purchase container maker Berlin Packaging for USD1.43 billion from Bahrain’s investcorp, Arabian Business reported.
The Chicago-based Berlin Packaging introduces rigid plastic, glass and metal container. The company has posed an annual revenue of USD800 million.
The transaction is planned to close in the third quarter of 2014, Oak Hill said.
Barclays Capital and Deutsche Bank acted as financial advisers to Berlin Packaging, while Gibson, Dunn & Crutcher LLP served as legal counsel.
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