S&P warns Gerresheimer after Blackstone buy

Standard & Poor's, the credit rating agency, has warned it could downgrade Gerresheimer Glas, the German packaging company, following its €600m ($775m) purchase by Blackstone, the US private equity group.

S&P is planning to meet the management of Gerresheimer, which had net debt of €585m at the end of August and is currently on a low double-B long-term rating.

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