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.

Logoplaste, founded in 1976 by entrepreneur Marcel de Botton, makes plastic bottles and containers for water, milk, ketchup, shampoo and lubricants, supplying Danone, Nestle, Arla, Kraft Heinz, P&G and L’Oreal among others.

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Source: Reuters

By Arno Schuetze