Onex leads bidding for Swiss packaging firm SIG: Reuters

Canadian buyout firm Onex Corp is leading the bidding for Swiss packaging group SIG Combibloc Group, sources told Reuters. Onex is this week expected to pay roughly 3.6 billion euros (US$4.5 billion) for the world's second largest maker of drink cartons. The Toronto-based investor had been neck-on-neck with Swiss-based rival Partners Group, after BC Partners dropped out of the running, the sources said.

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