CVC considers packaging company

UK LBO Powerhouse CVC Capital Partners is in talks to buy a stake in Austria’s Constantia Packaging with its holding company Constantia B.V.

Austrian weekly magazine Format revealed that talks were underway regarding CVC taking over a 90% stake in Constantia Packaging for €510m. Constantia Packaging is believed to be worth around €470m.

Constantia B.V. has been trying to use its stake in Constantia Packaging to settle a financial claim that a real estate developer Immoeast has made against it.