* Austrian packaging group seeks listing to fund expansion
* Owner One Equity Partners may seek partial exit
* Share price range, location of listing not disclosed
VIENNA, Oct 30 Austrian packaging group
Constantia Flexibles on Wednesday said it plans a
stock market listing before the end of the year.
Constantia Flexibles, which makes packaging for food and
pharmaceuticals, and labels for bottles, did not say how may
shares it would sell, or at what price the shares would be sold.
JPMorgan and Goldman Sachs will act as global joint
Thomas Unger, Chief Executive of Constantia Flexibles said
the proceeds would be used to fund international expansion.
The Austria-based packaging company said it planned to
establish a stock corporation as a holding entity of the
Constantia Flexibles Group. A capital increase for the stock
corporation is being considered, Constantia added.
Constantia also said its current majority owner, JPMorgan's
One Equity Partners, may partially exit with the
Constantia Flexibles has 8,200 employees and competes with
Australia's Amcor and Bemis and Sealed Air
of the United States and its customers include chocolate
maker Mars, French food group Danone and Italian
confection maker Ferrero.
The company said it had made sales of 1.23 billion euros in
the first nine months of this year and posted adjusted earnings
before interest taxes depreciation and amortisation of 175.3
Constantia plans to list on the Frankfurt Stock Exchange and
a seek a secondary listing in Vienna, sources familiar with the
matter said on Wednesday.