What are the two units Gerresheimer is selling to Apax, and what is the total transaction value including debt?

Gerresheimer is selling its U.S. business Centor and its global Primary Packaging Plastics unit to Apax Funds for €1.5 billion ($1.71 billion) including debt.

Why is Gerresheimer selling these units, and how will it use the proceeds?

The sale follows internal investigations into Gerresheimer's accounting practices—which delayed financial reporting, led to its removal from the SDAX index, and triggered audits by Germany's financial regulator BaFin—and is intended to improve its capital structure; the company stated it will use the expected cash inflows to significantly optimize its capital and financing structure by meaningfully decreasing its leverage.

German medical packaging firm Gerresheimer to sell two units to Apax for $1.71 billion

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German medical packaging firm Gerresheimer to sell two units to Apax for $1.71 billion — ChemBrief Topics

German medical packaging firm Gerresheimer to sell two units to Apax for $1.71 billion

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