{"id":4596,"date":"2025-01-06T03:35:33","date_gmt":"2025-01-06T08:35:33","guid":{"rendered":"https:\/\/www.packagingindustrynews.com\/?p=4596"},"modified":"2025-01-06T03:35:33","modified_gmt":"2025-01-06T08:35:33","slug":"blackstone-appoints-morgan-stanley-to-sell-stake-in-packaging-company-epl","status":"publish","type":"post","link":"https:\/\/www.packagingindustrynews.com\/?p=4596","title":{"rendered":"Blackstone appoints Morgan Stanley to sell stake in packaging company EPL"},"content":{"rendered":"


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The sale will take place without a block deal. Credit: r.classen via Shutterstock. <\/figcaption><\/figure>\n<\/p><\/div>\n

Blackstone has appointed Morgan Stanley to advise on the sale of its controlling interest in EPL, a speciality packaging company, Moneycontrol<\/a> <\/em>reported, citing three people familiar with the matter.<\/p>\n

The private equity company holds a majority stake of 51.47% in the listed entity, formerly known as Essel Propack.<\/p>\n

This move comes as Blackstone aims to divest its mature investment, which it acquired<\/a> in 2019.<\/p>\n

A source familiar with the matter stated: \u201cMorgan Stanley has been taken onboard recently as the sell-side advisor. The sale process hasn\u2019t been launched yet, but the target is to find a suitable buyer by March 2025.<\/p>\n

\u201cThis is intended to be a full stake sale and not a partial one and Blackstone is expecting a significant premium in terms of valuation.\u201d<\/p>\n

In September 2020, Blackstone\u2019s 23% stake in Essel Propack was divested through a block deal, raising approximately Rs18.5bn ($252m).<\/p>\n

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