Investindustrial makes bid for Guala Closures: Reuters

Investindustrial has made a bid to acquire an up to 20 percent stake in Italian bottle caps maker Guala Closures, reported Reuters.

Investindustrial has made a bid to acquire an up to 20 percent stake in Italian bottle caps maker Guala Closures, reported Reuters. Lazard has advised Investindustrial. The news outlet noted that Italy is “one of the countries hardest hit by the COVID-19 pandemic and is expected to see a sharp contraction in economic growth in coming months.”

Source: Reuters