PIE - News-Ticker on Plasteurope.com

Nordenia: Oaktree reported to be mulling a sale

When approached by the newsletter Plastics Information Europe (PIE, Bad Homburg / Germany; www.pieweb.com), a spokesman of Nordenia International (Greven / Germany; www.nordenia.com) did not want to comment on the alleged plans of the private equity company Oaktree Capital Management (Los Angeles / USA; www.oaktreecapital.com) to sell the German group.

Citing sources in the know, Reuters reported that Oaktree had tasked the investment bank Goldman Sachs with the sale of Nordenia. The news agency further reports that binding offers are scheduled to arrive in mid-February already. Oaktree allegedly wants to receive some EUR 600m (USD 844m) for the German group.

More news on Plasteurope.com...