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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Adar Poonawalla-led Serum Institute has finalized a deal to sell a 30%-40% stake in SCHOTT Poonawalla to TPG Growth, valuing the joint venture at approximately $800 million. SCHOTT Poonawalla, a 50:50 partnership with SCHOTT Pharma AG, specializes in primary glass packaging for the pharmaceutical and biotech industries. The transaction is pending a few formalities.
The healthcare packaging market is segmented by material, product type, packaging type, and application, with plastics leading due to their versatility and barrier properties. Rigid packaging dominates for its strength and safety features, while pharmaceuticals represent the largest application segment, driven by regulatory demands and market growth. North America holds the largest market share, followed by Europe and Asia Pacific, with key players like Amcor and Gerresheimer focusing on innovation and expansion.
Adar Poonawalla-led Serum Institute of India is in advanced talks with TPG to sell a 40% stake in SCHOTT Poonawalla, a joint venture focused on primary glass packaging for the pharma and biotech sectors. The discussions aim to unlock value from Serum's investment made over three years ago, though a final agreement is not guaranteed.
SCHOTT AG
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Serum Institute of India Ltd.
SCHOTT AG
SCHOTT Pharma AG & Co. KGaA
IND
DEU
SCHOTT Poonawalla
Adar Poonawalla
TPG
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