Three PE Firms Eye Ball's (BLL) Manufacturing Assets in Europe

Three private equity firms are said to be eyeing the assets of Ball Corp. (NYSE: BLL) in Europe as the company looks to shed assets as part of its move to acquire Rexam.

The Sunday Times said Blackstone, Apollo, and CVC could move to acquire Ball's European manufacturing facilities. Rival packaging company Ardagh is also in the works to bid on the assets.

In total, the assets could draw around £1 billion, according to the report.

Rexam will need to sell two plants under the proposed merger.

Goldman Sachs is leading the sales process.

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