Essentra raises £100m to fund US M&A

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Essentra raises £100m to fund US M&A

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Early morning light bathes the skyscrapers of the City of London financial district, at the start of a week in which the UK is expected to bask in temperatures of more than 30C. | Aaron Chown/PA

Essentra, the UK maker of plastic and fibre components, has sold £100m of new stock to finance its acquisition of 3C! Packaging in the US, via an accelerated bookbuild.

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