Tycoon Geminder Is Said to Weigh Sale of Asia Businesses (1)

Australian tycoon Raphael Geminderis considering selling the Asian operations of his packaging companies, according to people with knowledge of the matter.

Dynapack Asia and Pact Group Holdings Ltd.are working with a financial adviser and have reached out to potential investors, including private equity firms and other packaging firms, the people said, asking not to be identified because the deliberations are private. A deal could value their combined Asia operations at about $1 billion, the people said.

Geminder, the brother-in-law of Australia’s fourth-wealthiest person Anthony Pratt, owns 50% of Dynapack Asia. The owners of the other half of the ...