ZURICH: Swiss packaging maker SIG Combibloc plans to sell one billion euros (US$1.2bil) worth of new shares “in coming months” to trim debt to levels normal for the industry, chief executive officer Rolf Stangl said.
The company did not give a specific date for the initial public offering (IPO), which sources have told Reuters would value the company at about five billion euros.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
