EQT AB is considering a sale of its stake in specialty packaging firm GPA Global amid interest from investors, according to people familiar with the matter.
The Stockholm-based buyout firm is working with a financial adviser on the potential deal, the people said, asking not to be identified because the information is private. A transaction could value the packaging business at about $700 million to $800 million, the people said.
Other private equity firms have shown preliminary interest in acquiring the stake, the people said. Considerations are at an early stage, no final decision has been made and EQT could still decide against pursuing a sale, the people said.
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