Hart's Rank Group hires investment banks to run packaging sales: report

Mon, 08 Sep 2014

By Paul McBeth Sept. 9 (BusinessDesk) - New Zealand billionaire Graeme Hart's Rank Group has hired three investment banks to run separate sales of three units in his global packaging empire in what could generate some US$9 billion, according to a media report. The Financial Times reported on Friday that Rank Group hired Credit Suisse to sell Evergreen and JPMorgan to sell Closure Systems International, two of the three units flagged by holding company Reynolds Group Holdings in June as under review. The FT report, which cites unnamed peop...

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