Hart's Reynolds Group scotches report asset sales precursor to IPO

Fri, 08 Aug 2014

By Paul McBeth Aug. 8 (BusinessDesk) - Reynolds Group Holdings chief executive Tom Degnan has scotched a report the global packaging empire is selling assets and repaying debt as a precursor to an initial public offering. The packaging group owned by New Zealand billionaire Graeme Hart is reviewing ownership of its Evergreen and Closures businesses and is also considering whether to sell its SIG packaging unit after being approached. Speaking to a quarterly analysts' briefing, Degnan dismissed a media report that the review was to repay d...

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