Germany’s Landbell Group, an operator of extended producer responsibility (EPR) schemes active across Europe, is apparently up for sale. Landbell’s majority shareholder Frank Binder has tapped an investment bank to manage the sale and the bank has approached a "handful” of potentially interested parties, industry sources told EUWID. Landbell CEO Jan-Patrick Schulz declined to comment on the matter when contacted by EUWID. Market rumours about the potential divestment have been circulating for several weeks.
Industry insiders say it is possible that Mr Binder, whose Monaco-based firm S.C.P. FRABIN owns around 97.5 per cent of the Landbell Group, is merely using the sales process to gauge the market’s interest. Mr Binder, heir to the Merck pharmaceutical fortune and a resident of Monaco, first invested in Landbell in late 1999/early 2000.
A sale of a portion of the shares was another possibility, which would give the Landbell Group the support of a second major investor. Within the industry, there has been lively speculation about the potentially interested parties. The names bandied about include the "usual suspects”, such as ......
