BC Partners in exclusive talks to buy majority stake in Keter Plastic -source

July 20, 2016 4:49 PM

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JERUSALEM, July 20 European private equity house BC Partners is in exclusive talks to buy a majority stake in Israeli outdoor furniture maker Keter Plastic in a deal valuing Keter at close to $1.6 billion, according to a source familiar with the talks.

"BC Partners has won exclusivity and is discussing the acquisition of a majority stake. The deal values the business at close to $1.6 billion," the source said.

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