ZURICH, Sept 14 (Reuters) - Swiss packaging maker SIG Combibloc on Friday set the price range for its initial public offering at 10.50 to 13.50 Swiss francs per share, targeting proceeds of around 1.5 billion Swiss francs ($1.55 billion) that it aims to use to trim debt.
Canadian private equity firm - ONEX.TO, majority owner of the maker of the drinks packaging company since 2015, and SIG management will also sell existing shares, although the existing shareholders will hold up to 56.4 percent in the company after the listing is completed and if an over-allotment of shares is exercised.