Owners of AR Packaging explore US$570m sale of business

Frankfurt

THE OWNERS of AR Packaging are working on a sale that could value the Swedish business at more than 500 million euros or US$570 million (S$780 million), two sources familiar with the matter said.

Finnish investor Ahlstrom Capital and Swedish private equity firm Accent have mandated Swedish bank SEB for a sale or stock market listing, one of the sources said, adding that the latter option was now seen as the more likely for getting the value the two owners want.