date:Nov 06, 2013
X) based on operating profit.
The listing begins the exit of OEP, which owns around 73 percent of Constantia Flexibles. The company itself is set to get 150 million euros from the deal to finance future acquisitions, the sources familiar with the matter said.
For tax reasons, OEP will contribute 50 million of this in advance of the deal.
The Turnauer foundation that owns 23 percent has pledged to at least maintain its stake, so will have to buy some of the shares offered in a capital increase