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