Chinese packager HCP looks at EU expansion

摘要

Chinese cosmetics packaging moulder HCP Holdings is seeking outside funding for a possible acquisition in Europe, part of what is apparently heightened interest in general European expansion, according to recent interviews with company executives.Reuters reported on 14 November that Morgan Stanley's Hong Kong-based Asia private equity unit was in talks to buy a majority stake in HCP. That report cited unnamed sources, but an HCP official downplayed it and said family-owned HCP sought out Morgan Stanley for consultations with a possible European investment.