BX · News · 20260914N
PGP Glass Disposition
Blackstone Inc. · 2026-09-14 · Importance 58 · Surprise 42
Brookfield is in advanced negotiations to acquire Blackstone-owned Indian glass-packaging company PGP Glass for $1.3 billion to $1.5 billion. Blackstone acquired PGP Glass in 2020 and has been seeking an exit after previously exploring an initial public offering. The proposed transaction exceeds the materiality threshold and would affect Blackstone’s portfolio disposition strategy. PGP Glass exports packaging products serving the cosmetics, pharmaceutical, and food industries.