Deal Snapshot
APTAR TO ACQUIRE AN EQUITY STAKE IN CHINA-BASED BTY COMPANIES
Wednesday 09 October 2019

Illinois, US-based AptarGroup, Inc. (NYSE: ATR), a provider of dispensing, drug delivery and active packaging solutions, has agreed to acquire a 49% equity interest in three China-based BTY companies: Suzhou Hsing Kwang (SZHK), Suqian Hsing Kwang (SQHK) and Suzhou BTY (BTY), the company said.
Financial details will be disclosed upon successful completion of the transaction. The transaction is subject to customary regulatory approvals and is expected to close by the end of 2019 and the purchase will be funded with available cash on hand.


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Details
Date Published: 09/10/2019
Target: Suzhou Hsing Kwang (SZHK), Suqian Hsing Kwang (SQHK) and Suzhou BTY (BTY)
Country: China
Sector: Paper/Packaging/Office Supplies
Type: Stakebuilding
Financing: Cash
Status: Agreed
Vendor:
Buyer: AptarGroup, Inc
Comment:
Terms of the deal were not disclosed

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