FountainVest and EMS scrap EuroGroup Laminations deal over Indian regulatory hurdles
FountainVest and EMS canceled a stake sale in EuroGroup Laminations after failing to get Indian approval. The Italian firm said its outlook remains unaffected.
Insights:
FountainVest and its investment vehicle Ferrum have officially called off a planned purchase of a 45.7% stake in EuroGroup Laminations from EMS Euro Management Services . The termination of the agreement follows a failure to obtain required regulatory approval in India 
IN, a move that halts a transaction originally intended to lead to a buyout and the potential delisting of the firm.
IN, a move that halts a transaction originally intended to lead to a buyout and the potential delisting of the firm.The decision to scrap the deal was confirmed in a joint statement issued on February 16, 2026. The parties involved, which include Ferrum Investment , indicated that the transaction was abandoned following unsuccessful compliance discussions with Indian authorities. This development prevents a major ownership transfer and stops the planned corporate action that would have reshaped the future of the company.
