EU Okays $2.24 Billion Impress Acquisition

Regulators in the European Union have approved a 1.7 billion euro ($2.24 billion) acquisition of Dutch metal packaging company Impress Cooperative, Reuters reported. Irish packaging maker Ardagh Glass Group will buy the company from private equity firm Doughty Hanson. The buyout shop has said the acquisition will mean a return of 688 million euros ($895 million) to investors in two of its funds, Reuters said.

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