Kleopatra Holdings 2 is planning an initial public offering (IPO) of its common stock shares to raise gross proceeds of approximately $100m, which will be used to repay its existing debts and general corporate purposes.

The Luxembourg-based rigid plastic films producer and supplier has also filed a registration statement with the US Securities and Exchange Commission (SEC).

Underwriters to the offering have been granted an option to purchase additional shares of common stock.

US-based packaging company Crown Holdings and Canadian beer producer Khmer Brewery Limited (KBL) have formed a joint venture, named Crown Khmer Brewery Cans Limited.  

The companies intend to open a manufacturing plant in Phnom Penh, Cambodia, to produce 330ml aluminium cans.

Jindal Poly Films, an Indian polyester and polypropylene film maker, is set to raise Rs5bn ($73.55m) in an offering of non-convertible debentures (NCDs).

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The transaction, which has been accepted by the company's board of directors, is now subject to shareholders’ approval.