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EPL, Indovida to merge in $2 billion deal to create consumer packaging unit

EPL, Indovida to merge in $2 billion deal to create consumer packaging unit

EPL Limited and Indovida India Private Limited are merging. This creates a major consumer packaging company. The combined entity will be valued at approximately $2 billion. Annual revenue is expected to reach about $1 billion. Indorama Ventures will be a co-promoter with a significant stake. Blackstone will also hold a stake. This merger is set to reshape the packaging industry.

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