Austria's MAYR-MELNHOF KARTON AG agreed to sell a 70% stake in its packaging division to United States private equity firm KPS Capital Partners for $2.69B (€2.4B) including debt. The transaction allows the manufacturer to pivot entirely toward its core cartonboard and paper operations while retaining a minority holding. Mayr-Melnhof shares have dropped 28% this year amid broader industrial pressures.
MM Group Sells Packaging Stake for 2.7B
Austrian firm Mayr Melnhof Karton will sell a seventy percent stake in its packaging business to KPS Capital Partners in a deal valuing the unit at 2.7 billion dollars. The transaction is expected to close in the first half of 2027 following regulatory approval.
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