Montagu buys Linpac for 860 mln pounds

Newswire

LONDON, June 23 (Reuters) - UK buyout firm Montagu Private Equity said on Monday it had bought privately owned packaging company Linpac Group for 860 million pounds ($1.4 billion). Montagu is working with existing management and British bank HSBC , which will take a minority equity stake in the new company set up to acquire Linpac. Management and staff will also be given the opportunity to take a minority stake in the new company, while Deutsche Bank is providing debt finance for the ...

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