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Greif (GEF) to Divest 50% Stake in Flexible Packaging for $123M
WebApr 4, 2024 · Greif, Inc. announced that it has completed its previously announced divestiture of the Flexible Packaging joint venture, or “FPS” for a total cash consideration of $123 million, subject to certain conditions and post-closing adjustments, to Gulf Refined Packaging. “Completion of the FPS divestiture and the exit of the joint venture … WebJan 3, 2024 · DELAWARE, Ohio, Jan. 3, 2024 /PRNewswire/ -- Greif, Inc. (NYSE: GEF, GEF.B), a global leader in industrial packaging products and services, announced today that it has entered into a definitive agreement to divest its 50% share in the Flexible Packaging joint venture, or "FPS" to Gulf Refined Packaging (GRP) for a total cash … church preschools in fort mill sc
Greif to divest 50% stake in Flexible Packaging JV for $123M
WebJan 5, 2024 · Greif, Inc. announces that it has entered into a definitive agreement to divest its 50% share in the Flexible Packaging joint venture, or "FPS" to Gulf Refined Packaging (GRP) for a total cash consideration of $123 million, subject to certain conditions and post-closing adjustments. Greif expects to use the proceeds for debt repayment. WebJan 4, 2024 · Greif, Inc. has entered into a definitive agreement to divest its 50% share in the Flexible Packaging joint venture, or "FPS" to Gulf Refined Packaging (GRP) for a total cash consideration of $123 million, subject to certain conditions and post-closing adjustments. Greif expects to use the proceeds for debt repayment. WebApr 1, 2024 · Gulf Refined Packaging entered into a definitive agreement to acquire remaining 50% stake in Flexible Packaging Joint Venture of Greif, Inc. (NYSE:GEF) for approximately $120 million on December 31, 2024. Purchase price is subject to certain conditions and post-closing adjustments. Greif expects to use the proceeds for debt … church preschools in charlotte nc