(MENAFN)According to Bloomberg citing people familiar with the matter, Octal, an Omani plastics packaging manufacturer, is considering a majority stake sale.
The people further stated that a sale could put Octal at about USD800 million. The company is working with JPMorgan Chase & Co.
They further declared that the Muscat-based company attracted strategic suitors in Asia and the US.
Octal website declared that it was founded in 2006 and produces plastic used to package food and consumer products. The company is present in Oman, Saudi Arabia and the US and ships its products to over 75 countries.
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