The European Commission (EC) has authorised the move to place the business formed from the combination of Spanish packaging groups Caiba and Nosoplas under shared control.
Under the arrangement, Portobello Capital Fondo IV, Cobega and Sonab will exercise joint control over the new entity.
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The EC found no competition concerns, saying the impact of the deal on the relevant markets would be limited.
It said in a statement: “The [European] Commission concluded that the notified transaction would not raise competition concerns, given its limited impact on competition in the markets where the companies are active.”
The combined company will operate across polyethylene terephthalate (PET) preforms, containers and recycled PET resin, bringing together packaging manufacturing and recycled material supply in Spain.
Caiba produces PET preforms and containers, with the bulk of its sales in Spain while also supplying some customers in other European Economic Area (EEA) markets.
Nosoplas manufactures recycled PET (rPET) resin and PET preforms. Similar to Caiba, its main business is in Spain, with a smaller commercial footprint in the rest of the EEA.
Portobello is an investment fund with holdings across a number of sectors.
Cobega is the parent company of a group active in Coca-Cola bottling and beverage distribution in Spain. Sonab is an investment and property holding company.
The case was examined under the EU’s standard merger review framework. The EC formally received notification of the proposed concentration on 27 July 2026.
