Ontario Teachers Canadian Pension Fund’ Pension Plan Board (OTPPB) is considering selling its stake in Portuguese packaging manufacturer Logoplaste for more than 1.7 billion euros ($2 billion). This is reported by foreign media.
OTPPB, which owns 60% of Logoplaste shares, has engaged banks to advise on the potential sale of Logoplaste and expects to complete the proposed transaction in 2026.
The minority shareholders of Logoplaste can use the right to reinvest funds together with the new buyer in order to maintain a combined share of 40%.
Logoplaste implements a wall-to-wall model in manufacturing, in which small businesses are located in customer factories to optimize production, reduce costs, and improve delivery quality. Logoplaste operates more than 60 plants in 17 countries, supplying plastic containers to major customers including Kraft Heinz Co., Diageo Plc and L'Oréal SA.
In 2016, Carlyle invested about 660 million euros in Logoplaste, and in 2021 the company was valued at 1.4 billion euros, including debt obligations.
Logoplaste is a Portuguese manufacturer of packaging for the manufacturing sector. The company offers rigid plastic packaging with a view to reducing CO2 emissions and supporting a closed-loop economy. The headquarters is located in Cascais (Portugal). The annual revenue is about 1 billion euros.
OTPPB is a Canadian pension fund dedicated to ensuring the long—term financial sustainability of a retirement plan and providing benefits to participants, including retirement benefits, survivor benefits, and disability benefits. The headquarters is located in Quebec (Canada).
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