date:May 29, 2012
is seen as desirable to expand Pacts access into foreign markets.
Billion dollar turnover
Pact has an annual turnover reaching A$1.2bn (US$1.18bn, 942m) and manufactures packaging for the food, beverage, dairy, bakery and meat sectors.
Geminder, who has a controlling stake in the firm, is the son-in-law of the late Richard Pratt, owner of Visy Industries, who amassed a A$5.5bn prior to his death in 2008.
Both Pact and Deutsche Bank declined to comment on the matter.
In 2010, there were rum