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Shared control, meaning no single investor holds enough authority to direct the business alone, is the structure Brussels has approved for a newly combined Spanish packaging group.
The European Commission cleared the combination of Caiba and Nosoplas and authorised three parties to exercise joint authority over the merged entity: Portobello Capital Fondo IV, Cobega, and Sonab.
The commission found no competition concerns and imposed no conditions. Both companies work in the same Spanish packaging supply chain but serve different functions.
Caiba makes polyethylene terephthalate (PET) preforms and containers. PET preforms are the small, tube-shaped plastic blanks that factories heat and blow into bottles and food containers.
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