FountainVest, EMS call off deal for EuroGroup Laminations stake due to India compliance issue
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Chinese private equity firm FountainVest has canceled its acquisition of a major stake in EuroGroup Laminations from EMS due to failed regulatory approval in India. EMS and FountainVest's Ferrum stated that compliance discussions were unsuccessful, leading to the deal's termination. EMS had previously agreed to sell its 45.7% stake in EuroGroup, which aimed for a buyout and delisting. EuroGroup Laminations confirmed that the termination of the deal does not impact its industrial or financial outlook.
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