Deals
Apollo Agrees to Buy Novolex From Carlyle for $6 Billion
- Carlyle will retain minority stake in the packaging company
- Deal is latest by private equity in the packaging sector
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Apollo Global Management Inc. will buy a majority stake in Novolex Holdings from Carlyle Group Inc.
Carlyle will retain a minority stake in the packaging company, according to a statement Monday that confirmed an earlier Bloomberg News report. Financial terms were not disclosed.