Lenders to food packaging group Linpac are planning to break up and sell Europe's biggest food packaging group, according to media reports.
The banks also seek to flip Birmingham-based Linpac's assets back into the market after taking them over through debt restructurings, reports ft.com.
The financial crisis has forced many companies into the hands of lenders, especially those bought by private equity with crushing debts during the credit bubble.
In 2009, Linpac was taken over by its lenders, including Deutsche Bank and Lloyds Banking Group, wiping out the investment of Montagu Private Equity, which bought the company for £860m ($1.3bn) in 2003.
The packaging firm has £1.1bn ($1.6bn) of revenues.
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