PLASTIC OMNIUM
Proposed sale of French company's environment business to consortium of investors
Plastic Omnium (Levallois / France; www.plasticomnium.com) has found a buyer for its environment business see Plasteurope.com of 26.09.2017. The French company has signed a put option for the sale of its subsidiary Plastic Omnium Environment with a consortium comprising investment company Latour Capital (Paris / France; www.latour-capital.fr) and investment bank Bpifrance (Paris; www.bpifrance.fr). The transaction is scheduled to close by the end of 2018. Financial details have not been disclosed.

Plastic Omnium's environmental business, which includes waste collection systems provider Sulo (Herford / Germany; www.sulo.com), employs 1,800 people in 12 countries, with annual sales of around EUR 330m. The deal will enable the Plastic Omnium to concentrate entirely on its automotive business in the future.
26.07.2018 Plasteurope.com [240268-0]
Published on 26.07.2018
Plastic Omnium: Umweltsparte mit Sulo geht an KonsortiumGerman version of this article...

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