EXCLUSIVE: New Zealand tycoon mulls $5 bln sale of SIG – sources
By Soyoung Kim and Greg Roumeliotis NEW YORK (Reuters) – New Zealand’s richest man, Graeme Hart, is exploring a sale of SIG Combibloc Group Ltd that could value the world’s second largest maker of drink cartons at around $5 billion, according to people familiar with the matter. Hart’s packaging conglomerate, Reynolds Group Holdings Ltd, has hired Goldman Sachs Group Inc to explore alternatives for SIG, including a potential sale, the people said on Monday. SIG, which Hart acquired for $2.3 billion in 2007, is in the early stages of preparing a sale process and is expected to attract interest mainly from private equity firms, the people added. Goldman Sachs declined to comment.