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Sale of Bosch Packaging Technology

Auto News - Published on Wed, 17 Jul 2019

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Bosch plans to sell its Waiblingen based packaging machinery business to a newly incorporated entity managed by CVC Capital Partners while keeping its Pharma and Food units intact. The parties signed an agreement on July 11, 2019 effecting the transfer of the entire packaging technology business and its 6,100 associates in 15 countries. It has been agreed that the purchase price and other details of the purchase agreement will not be disclosed. Completion of the sale is subject to the approval of various bodies, including antitrust authorities, and is expected to close at the turn of the year.

Based in Luxemburg, CVC is a leading private equity and investment advisory firm with 24 offices in Europe, Asia, and the United States. It currently manages more than USD 75 billion of assets.

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Posted By : Mohan Sharma on Wed, 17 Jul 2019
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