Lenders to food packaging group Linpac are planning to break up and sell Europe's biggest food packaging group.
The banks also seek to flip Birmingham-based Linpac's assets back into the market after taking them over through debt restructurings, according to ft.com's report.
In 2009, Linpac was taken over by its lenders, including Deutsche Bank and Lloyds Banking Group, wiping out the investment of Montagu Private Equity, which bought the company for US$1.3bn in 2003.
(Amily)
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