Ukraine-based private equity firm Horizon Capital is in the process of selling, alongside other shareholders, its stake in Moldova-based Glass Container Company and Glass Container Prim to Vetropack Austria Holding.
Consortium has offered €18.10 per share, 24% higher than the €14.56 closing price on 23 September
Around €2m comes from Seed Capital, while Vækstfonden is providing a syndicated loan of €1.8m
Company plans to use the financing to strengthen its market position in Spain and boost its international expansion
GP has so far invested in companies in industrial automation, software and business training