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Strategies & Market Trends : Speculating in Takeover Targets -- Ignore unavailable to you. Want to Upgrade?

To: richardred who wrote (2280)	7/17/2010 3:57:29 PM
From: richardred	Respond to of 7242

EU approves One Equity's takeover of Constantia Packaging Ben Bold, packagingnews.co.uk, 22 June 2010 One Equity Partners' takeover of Austrian packaging firm Constantia Packaging has been given the regulatory green light by the European Union, eight months after the deal was announced. One Equity, which makes private equity investments for JP Morgan Chase, has bought a majority stake (65.79%) in Constantia, as reported in Packaging News in October. The European Commission said that the deal did not raise competition concerns. It said in a statement: "The portfolio of companies controlled by One Equity Partners and JP Morgan Chase are not active in the same markets and there are no significant vertical links with these companies." Under the takeover agreement, Dutch holding company Constantia Packaging BV will retain a 25% stake in Constantia Packaging AG. It is One Equity's intention to acquire 75% of Constantia Packaging AG's shares. Constantia Packaging AG operates in the aluminium, corrugated board and flexible packaging markets. It employs 7,600 people across Europe, Asia and the US. packagingnews.co.uk