KKR & Co. entered exclusive negotiations to acquire Portuguese packaging manufacturer Logoplaste. The private equity firm became the preferred bidder after Apax Partners LLP withdrew from the process.
The potential transaction values Logoplaste at more than €1.7 billion. This deal would rank among the largest corporate acquisitions in Portugal this year.
Advisers for the Ontario Teachers' Pension Plan Board are currently managing the sale of its 60% stake. A final agreement could be reached within the coming weeks.