Blackstone offloads Rp19bn Essel Propack block

Jonathan Breen

September 21, 2020 08:45 am

Blackstone_AdobeStock_575x375_21August20 — Richmond, Virginia, USA - 9 May 2019: Illustrative Editorial of Blackstone website homepage. Blackstone logo visible on screen. | pvl - stock.adobe.com

US private equity giant Blackstone has sold a chunk of shares in Essel Propack, a tube-packaging and manufacturing company, for Rp18.6bn ($253.7m).

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JB

Jonathan Breen

Equities editor GlobalCapital Asia