AXA Private Equity to sell transport packaging maker KTP

AXA Private Equity, the buy-out arm of French insurance giant AXA which is currently being reviewed for a possible sale, is to sell its stake in transport packaging company KTP Kunststoff Palettentechnik (KTP) to minority shareholder Andreas Wintrich and a new investor.

The firm acquired a majority stake in the reusable packaging company in 2006. Despite the economic downturn, sales have almost doubled under the firm’s ownership. As a result of the sale, minority shareholder Andreas Wintrich will again become the majority shareholder. Financial terms of the deal were not disclosed. Read more.

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