Gerresheimer Engages in Early Talks with Private Equity
(Reuters) -German medical packaging maker Gerresheimer on Friday said it was in early-stage discussions with private equity investors over a potential sale of the company, adding that it would evaluate any offers in the best interest of the company.
Earlier on Friday, Bloomberg News report said the company was working with advisers to gauge interest from possible buyers, adding that Warburg Pincus, EQT AB and KKR are among suitors that have been studying the business. Its shares jumped as much as 15% after the news.
"Such discussions are still in a very preliminary stage. It is not foreseeable at this point in time whether a public takeover offer will actually be made," the company said in a statement.
Activist investor Ricky Chad Sandler had bought a 5.43% stake in the German medical packaging maker in October 2024.
(Reporting by Devika Nair in Bengaluru and Riham Alkoussa in Berlin; Editing by Devika Syamnath and Ludwig Burger)
